Gati has received an approval for raising funds not exceeding Rs 120 crore by way of issue of securities to Indian or Foreign Investors / QIBs / FIIs / Venture Capital Funds or any other category of Investors in accordance with SEBI guidelines and subject to necessary approvals from statutory authorities and shareholders as may be required. The board of directors at their meeting held on January 24, 2015 has approved for the same.
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.
