Promoters of Blue Dart Express DHL Express (Singapore) Pte announced the floor price for its offer-for-sale (OFS) on Friday for offloading about 14.31 lakh shares or 6.03 per cent stake in the company at a price of Rs 1,720 a.
Though the floor price was announced after market hours on Thursday, the scrip of Blue Dart Express shot up by 20 per cent to close at Rs 2,056 on the BSE on the day.
The OFS would take place at the separate window of the BSE and the NSE between 9-15 a.m. and 3-30 p.m. on Friday. The allocation would be on price priority basis at multiple clearing prices. A minimum of 25 per cent of the stake sale being offered would be reserved for allocation to mutual funds and insurance companies.
Citigroup Global Markets India would be the broker on behalf of the seller for the deal.