Anil to acquire DTDC Courier?

So say recent media reports. But there is no confirmation of the news so far

BY A CORRESPONDENT
February 6, 2006

Recent media reports have indicated that the Anil Ambani-owned Reliance Capital is planning to acquire 44% stake in DTDC Courier and Cargo.

Quoting agency reports, DNA and Financial Express reported that the privately-held DTDC is up for sale, following a disagreement between the two brothers who jointly own the company now.

DTDC is owned by Subhashish and Debashish Chakraborty, who own 56% and 44% stakes respectively. The reports suggested that the stake would change hands by the end of January, but that has not happened yet.

The bulk of DTDC's revenues are generated by its franchisees across the country. Its last annual revenues stood at Rs 125 crore, with a net profit of Rs 8.6 crore, reports said.

Anil Dhirubhai Ambani Enterprises, (ADAE) which has interests in media and services sectors has reportedy bid aggressively for the stake.