Gateway Distriparks (GDL) has executed Share Sale Agreement (SSA) with Nichirei Logistics Corporation (Nichirei) to acquire Nichirei's stake of about 6% (7.4 Million shares) in Snowman Logistics (SLL) for about Rs 25.90 crore. Post the acquisition, GDL's holding in SLL will increase to about 54%.
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.