Blue Dart explores buys with in India
News Clip: Financial Chronicle, Delhi
23rd March, 2010.
Logistics services provider Blue Dart Express plans to increase exposures in India's hinterland by targeting small-size acquisitions of niche regional players, a top official said.
The company is willing to spend Rs 100 crore Rs to 150 crore for small-ticket acquisitions but is not in talks with any players at present, Yogesh Dhingra, director-finance said.
"We don't want to go for a big acquisition. We are looking at small regional players, " Dhingra, who is also the firm's chief operating officer, said in an interview. "It's difficult to find a good candidate," he said.