Gateway Distriparks’ promoter group reduces its pledged shares

19 Jul 2019

The promoter group of Gateway Distriparks has reduced its pledged shares from 1,00,00,000 shares (30.95% of the promoter group’s holding) by 35,00,000 shares to 65,00,000 shares (19.93% of its holding). The group holds 3,26,19,998 shares which is 30% of the company’s shares. This reduction in pledge is towards decrease in borrowing from Rs 45 crore to Rs 25 crore (originally Rs 75 crore) due to prepayment of Rs 20 crore against the instalment that was due in October 2019.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323