HDFC Mutual Fund increased its stake in Blue Dart Express from 7.62% to 8.48%, raising its holding from 18,08,622 to 20,11,758 shares. The value of the additional shares is approximately ₹100.41 crore, based on a share price of ₹4945.60.
A leading courier and integrated air express package distribution company operating across South Asia, Blue Dart Express provides door-to-door delivery of time-sensitive shipments through a combined ground and air transportation network. The company operates an extensive logistics infrastructure serving businesses and individuals. Since its incorporation in 1988, it has established itself as a key player in India's express distribution and logistics sector.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.
