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Gati transfers 69.79% equity holding in Gati Kausar India to Mandala Capital AG

16 Jul 2021 Evaluate

Gati has transferred its 69.79 per cent equity holding in Gati Kausar India to Mandala Capital AG, a leading private equity firm focused on investments across the food value chain.

With the transfer, Gati Kausar has ceased to be the company's subsidiary with effect from July 14, 2021, and also the company stands to have reduced its debt at a consolidated level by about Rs 105 crore.

Gati is a pioneer in express distribution and supply chain solutions in India.

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