TCI Finance has received approval to divest upto 51.49 lakh equity shares of Gati aggregating to 4.75% held by the Company to Allcargo Logistics. The consideration to be received from such sale/disposal is around Rs 38.62 crore. The Board of Directors of the Company at its meeting held on December 05, 2019 has approved the same.
TCI Finance's principal activity is to provide non-banking financial services. Their products include hire purchase, leasing and inter corporate loans.