TTA Linklaters Amarchand and Cleary Gottlieb lead on Blue Dart Express promoters stake sale

Logistics Service provider Blue Dart Express’ promoter DHL Express (Singapore) sold 6.03% stake through offer for sale (OFS) route. The OFS constituted of an aggregate of 1.43 million equity shares of Rs.10 each of Blue Dart Express with a floor price of Rs. 1720 by the promoter. Citi acted as the stockbroker to undertake the OFS and drafted the share trade agreement.