Gateway Distripark shines as arm acquires 100% stake in Chandra CFS

05 Feb 2013

Gateway Distriparks is currently trading at Rs. 133.00, up by 0.45 points or 0.34% from its previous closing of Rs. 132.55 on the BSE.

The scrip opened at Rs. 134.30 and has touched a high and low of Rs. 134.30 and Rs. 131.55 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 159.90 and a 52 week low of Rs. 126.00.

The current market cap of the company is Rs. 1,443.00 crore.

The promoters holding in the company stood at 40.68% while Institutions and Non-Institutions held 43.00% and 16.32% respectively.

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.

Related Gateway Distriparks Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323