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.
