Gateway Distriparks surges on raising stake in Snowman Logistics

12 Mar 2014

Gateway Distriparks is currently trading at Rs. 150.00, up by 3.55 points or 2.42% from its previous closing of Rs. 146.45 on the BSE.

The scrip opened at Rs. 146.25 and has touched a high and low of Rs. 152.00 and Rs. 145.80 respectively. So far 18104 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 154.00 on 06-Jan-2014 and a 52 week low of Rs. 98.10 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs. 152.95 and Rs. 138.35 respectively. The current market cap of the company is Rs. 1629.64 crore.

The promoters holding in the company stood at 41.96% while Institutions and Non-Institutions held 40.96% and 17.08% respectively.

Gateway Distriparks has acquired 74 Lakh equity shares of Rs 10 each in its subsidiary company, Snowman Logistics (SLL) from Nichirei Logistics Group for Rs 25.90 crore. Post this purchase of shares, SLL will continue to be the subsidiary of Gateway Distriparks. Gateway Distriparks’ shareholding in SLL will increase to 54.19% and Nichirei Logistics Group will cease to be a shareholder of SLL.

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:

Gateway Distriparks Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323