Gateway Distriparks trades in red on the BSE

14 Jun 2013 Evaluate

Gateway Distriparks is currently trading at Rs. 115.30, down by 0.70 points or 0.60% from its previous closing of Rs. 116.00 on the BSE.

The scrip opened at Rs. 118.00 and has touched a high and low of Rs. 119.20 and Rs. 115.30 respectively. So far 2438 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 150.40 on 04-Oct-2012 and a 52 week low of Rs. 115.00 on 12-Apr-2013.

Last one week high and low of the scrip stood at Rs. 121.95 and Rs. 115.50 respectively. The current market cap of the company is Rs. 1261.98 crore.

The promoters holding in the company stood at 40.95% while Institutions and Non-Institutions held 43.41% and 15.64% respectively.

Gateway Distriparks (GDL) and its subsidiary, Snowman Logistics (SLL) have executed a share subscription agreement (SSA) with the Norwest Venture Partners VII-A-Mauritius (NVP) pursuant to which NVP will invest about Rs 60 crore in SLL by subscription to SLL’s equity shares.

Simultaneously, GDL, SLL, NVP, International Financial Corporation (IFC), Mitsubishi Corporation (MC), Mitsubishi Logistics Corporation (MLC), and Nichirei Logistics Group Inc. (Nichirei) have entered into a shareholders agreement governing the management of the company and the rights of the shareholders.

Further, GDL has executed a share purchase agreement with IFC to acquire about 5 % (Pre-NVP investment) of IFC s stake in SLL (acquisition) for about Rs 18 crore. Post the investment by NVP & the acquisition, SLL will continue to be the subsidiary of GDL and NVP s holding in SLL will be about 14%.

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.

Gateway Distri-Amalg Share Price

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