Blue Dart Express, South Asia's premier courier and integrated express package distribution company, announced Monday the board of directors approved enhancing stake into 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.
Consequently, Blue Dart Aviation becomes subsidiary of the company with effect from Jun. 22, 2015.
Shares of the company gained Rs 92.7, or 1.55%, to trade at Rs 6,076.10. The total volume of shares traded was 1,942 at the BSE (3.20 p.m., Monday).