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Gateway Distriparks shines on entering into SPA to sell entire stake in Snowman Logistics

30 Dec 2019 Evaluate

Gateway Distriparks is currently trading at Rs. 123.10, up by 13.35 points or 12.16% from its previous closing of Rs. 109.75 on the BSE.

The scrip opened at Rs. 113.75 and has touched a high and low of Rs. 125.65 and Rs. 111.00 respectively. So far 199819 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 154.10 on 28-May-2019 and a 52 week low of Rs. 81.15 on 15-Nov-2019.

Last one week high and low of the scrip stood at Rs. 125.65 and Rs. 94.75 respectively. The current market cap of the company is Rs. 1335.18 crore.

The promoters holding in the company stood at 30.00%, while Institutions and Non-Institutions held 57.64% and 12.35% respectively.

Gateway Distriparks (GDL) has entered into a Share Purchase agreement (SPA) to sell its entire stake of 40.25% in Snowman Logistics (Snowman) to Adani Logistics for a consideration of Rs 295.92 crore. The transaction will be completed on or before March 31, 2020. HDFC Bank was the exclusive financial advisor to the company for this Transaction.

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.

Gateway Distri-Amalg Share Price

278.35 0.00 (0.00%)
04-Jan-2022 18:01 View Price Chart
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