Blue Dart Express buys majority stake in Blue Dart Aviation

News Clip: DNA, Mumbai

23 June, 2015

Blue Dart Express said it has become a majority shareholder in Blue Dart Aviation after purchasing additional 21% stake. 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. However, financial details were not disclosed. During its meeting, Blue Dart Express's board of directors approved hiking stake in Blue Dart Aviation from the present 49% to 74%.