DHL reduces stake in India’s Blue Dart

DHL remains committed to Indian market

Blue Dart Express Deutsche Post DHL DHL Express Singapore Indian market listed companies Securities Contracts Rules

Deutsche Post DHL, through its subsidiary, DHL Express Singapore, has decided to reduce its stake in Blue Dart Express. This will enable Blue Dart to comply with the minimum public shareholding requirements of the Securities Contracts (Regulation) Rules where listed companies are required to increase their public shareholding to at least 25 per cent by June 3, 2013. The future collaboration between Blue Dart Express and Deutsche Post DHL will not be affected by this transaction at all and Deutsche Post DHL remains fully committed to the Indian market.