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Gateway Distriparks allots NCDs worth Rs 550 crore

29 Mar 2019 Evaluate

Gateway Distriparks (GDL) has allotted 5,500 Rated, Listed, Secured, Redeemable Non-Convertible Debentures (NCDs) having face value of Rs 10,00,000 each, with coupon rate of 11.25% - 11.50%, for cash aggregating Rs 550 crore, to identified investors on private placement basis, on terms and conditions as mentioned in the Information Memorandum for the said issue.

Gateway Distriparks is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form.

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