Blue Dart shares fall over 3 per cent on BSE

Shares of logistics service provider Blue Dart Express today slumped by over 3 per

RELATED ARTICLES

cent to settle at at Rs 1,993.15 on the BSE, even as its 6.03 per cent stake sale received overwhelming response from investors.

The market cap of the company fell by Rs 121 crore to Rs 4,729 crore in a single day.

The stock opened on a weak note on the BSE and then slumped 10.53 per cent to an intra-day low of Rs 1,840 on the BSE. The stock finally settled at Rs 1,993.15, lower by 3.09 per cent from its previous closing price.

On the National Stock Exchange the stock fell 8.95 per cent to an intra-day low of Rs 1,875.10. The stock ended at Rs 1,965, down by 4.59 per cent from its last close.

The offer for sale attracted bids for 38,76,052 shares against the offer size of 14,31,937 shares at an average price of Rs 1,833.08 per share, according to the data available on the BSE.

Blue Dart had fixed a price of Rs 1,720 per share, a discount of 16 per cent to yesterday's closing price, for sale of 6.03 per cent promoter's stake.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Tighter disclosure norms will help public shareholders

    The Securities and Exchange Board of India (Sebi) has proposed changes in listing agreements between companies and stock exchanges, laying down manage

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Why UGC must focus on quality

In a vast country like India, where there are pressures ...

Rajgopal Nidamboor

The sum total of our conscious experience

All of us epitomise a multiplicity of conscious thoughts. This ...

Gautam Gupta

Don’t let success kill the essence of the concept

In 1999 when my mother started her own label, we ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture