 "Blue Dart Express buys majority stake in Blue Dart Aviation")
Now, the overall shareholding of the company in Blue Dart Aviation has increased to 70%.
Blue Dart Aviation has become a subsidiary of Blue Dart Express -- an integrated transportation and distribution company, according to a regulatory filing.
Also Read
However, financial details were not disclosed.
During its meeting today, Blue Dart Express' board of directors approved hiking stake in Blue Dart Aviation from the present 49% to 74%.
"Post the approval of the board, the company has acquired additional 21% and now company holds 70% stake into Blue Dart Aviation Ltd," the filing said.
Blue Dart Aviation is a leading player in the domestic air express market specialising in time-definite scheduled freight services for overnight next day delivery of express and cargo loads, as per its website.
Shares of Blue Dart Express rose over one% to close at Rs 6,068.05 on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%