GeoPost proposed acquisition of India DTDC express 40% shares to expand the scope of international business

Express parcel GeoPost French post under recently planned takeover of India DTDC express 40% of the shares of the company, to expand its international business scope, accelerate India express industry consolidation.
According to India media reports, GeoPost will be from the financial investment company -- reliance capital corporation bought the DTDC holds 40% of the shares, the remaining 60% will be held by the company's founder Subhasish Chakraborty and other shareholders.
According to relevant media reports, GeoPost of DTDC company at 4750000000 rupees ($66000000 ), has been in early 2013 to the India Foreign Investment Promotion Committee submitted the application. GeoPost entered the India market in 2009, and the local Continental Express company formed a joint venture, the company DPD, providing delivery service in India city.
DTDC is one of India's largest express company, in the country has 300 branches and 5800 franchisees, business volume reached 120000000. 2011 March to 2012 March, the company turnover of 4250000000 rupees, net profit amounted to 200000000 rupees. Reliance investment company acquired a 40% stake in DTDC in 2006.