DHL Express Singapore Pte Ltd has appointed Ambit Corporate Finance Pvt Ltd manager to make an open offer to the equity shareholders of Blue Dart Express Ltd to acquire 20 per cent of its equity shares at Rs 350 per share. The acquirer, along with Deutsche Post AG, would be making the open offer for 47,45,587 equity shares of Blue Dart, in an all cash deal aggregating Rs 166.09 crore.
Read MoreDHL today announced an investment in India of Euro 128 million, reinforcing its commitment to the growing Indian economy. The commitment is towards an acquisition of Blue Dart, the premium domestic courier and integrated air express package distribution company. DHL Express has finalised agreements with the founding shareholders of Blue Dart and Schroder Capital Partners Limited, for an acquisition of a majority stake in Blue Dart. The agreement, signed on Saturday, 6th November, gives DHL Express a 68 per cent stake in Blue Dart subject to regulatory approvals. In compliance with statutory requirements in India, the acquisition of 68 per cent of shares in Blue Dart requires DHL to make a 20 percent mandatory open offer to the public shareholders.
Read MoreBright new blue uniforms in place of the old khaki (designed with the help of the National Institute of Fashion Technology – NIFT), eposts to tackle the onslaught of emails and an elaborate plan to transform the dull and vacant looking post offices into swanky shopping area. Indian post offices are all set for a face-lift.
Read More“In most developed countries, labour-intensive postal operations like sorting and classifying mail are outsourced to lower cost countries. It is time for India Post to examine whether it could also provide such services, particularly in view of the success India has had as a destination for IT-related business process outsourcing,” he said while addressing the inaugural function to mark 150 years of the Indian postal system.
He said the postal department must focus on value addition and cost control at the same time. “Meeting the twin challenges of technology and competition would require the department to look minutely at the users to ensure they get substantial value from its products and prevent them from migrating to other communication channels,” the prime minister said.
Read MoreAsia Pacific top IATA cargo agents 2003
P:LibraryAsia Pacific top IATA agents 03.pdf
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