Macquarie Bank acquires 1.18% stake of Gati

21 May 2014 Evaluate

Macquarie Bank has acquired over 1% stake in Gati for Rs 10 crore through open market purchase. A unit of Australia’s Macquarie Group has purchased 1.02 million shares representing 1.18% stake of the company at an average price of Rs 97.02 per share in a bulk deal on May 20, 2014.

As on March 31, 2014, the promoters holding in the company stood at 38.11% while institutions and non-institutions held 0.90% and 60.99% stake in the company, respectively.

Gati is a leading player in express distribution and logistics and operates through two divisions - Express Distribution & Supply Chain (EDSC) and Coast- to-Coast (C2C) division. It also operates two container yards at Chennai and Port Blair which increases capability and provides for efficient handling of the cargo.

Allcargo Gati Share Price

95.80 -0.40 (-0.42%)
28-Mar-2024 16:00 View Price Chart
Peers
Company Name CMP
Allcargo Logistics 71.62
TVS Supply Chain Sol 154.50
Container Corp 882.20
Mahindra Logistics 409.70
Transport Corp. 803.70
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.