Blue Dart share sale price Rs 1,720: DHL
Agencies: New Delhi, Nov 22 2012, 19:07 IST
year made it mandatory for the promoters of listed companies to prune their holding to a maximum of 75 per cent by June next year so that a minimum 25 per cent public shareholding can be maintained in listed private companies.
Blue Dart said a minimum of 25 per cent of the offer will be reserved for allocation to insurance companies and mutual funds.
"No single bidder other than mutual funds and insurance companies shall be allocated more than 25 per cent of the size of the sale," the document had said.
Citigroup Global Markets India has been appointed as the seller's broker.
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