MoneyWorks4Me

Gateway Distriparks gets nod to sell stake in WOS

14 Nov 2019 Evaluate

Gateway Distriparks (GDL) has received approval from its board to sell its entire shareholding held in wholly owned subsidiary company (WOS) - Chandra CFS and Terminal Operators to Team Global Logistics. The board also approved the Share Purchase Agreement (SPA) for sale of shares in Chandra CFS.

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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