Gateway Distripark’s arm acquires 100% stake in Chandra CFS

04 Feb 2013

Gateway Distriparks’ subsidiary, Gateway Distriparks (South) has acquired 100% of the paid up equity share capital of Chandra CFS and Terminal Operators for a net cash consideration of Rs 26.50 crore.

Chandra CFS has been operating a Container Freight Station (CFS) at Nallur Village, Chennai for about 5 years - constructed on a 10.5-acre free-hold land with warehouses and container handling equipments.

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. The company operates CFS located at Dronagiri, Navi Mumbai, New Manali, Chennai, Vishakapatnam and Inland Container Depot at Garhi Harsaru (near Delhi) and Haryana.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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