Gateway Distriparks has informed that the Board of Directors, at their meeting held today, 24 December 2018, approved raising of funds up to Rs 620 crores by issue of debt securities including non-convertible debentures and any other instruments for making balance payment to complete the acquisition of Compulsory Convertible Preference Shares (CCPS) in subsidiary company, Gateway Rail Freight Limited (GRFL) from Blackstone and towards expansion of business/other corporate purpose. The Board meeting commenced at 11.30 AM and concluded at 12.15 PM.
The above information is a part of company’s filings submitted to BSE.
