MoneyWorks4Me

IL&FS Financial Services sells 9 lakh shares of Gati

27 Dec 2013 Evaluate

IL&FS Financial Services has sold 900,000 lakh shares of Gati through an open market transaction. The shares were sold at an average price of Rs 35.33 a piece on National Stock Exchange (NSE) on December 26, 2013.

Gati is a leading player in express distribution and logistics and operates through two divisions - Express Distribution & Supply Chain (EDSC) and Coast- to-Coast (C2C) division. It also operates two container yards at Chennai and Port Blair which increases capability and provides for efficient handling of the cargo.

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