Allcargo picks up 6% stake in Gateway Distriparks
Allcargo Global Logistics has acquired nearly 6% stake in Gateway Distriparks for Rs 29 crore.
By ET Bureau |
Allcargo Global Logistics has acquired nearly 6% stake in Gateway Distriparks for Rs 29 crore. Sealand Terminals, a wholly-owned subsidiary of Allcargo, on Thursday bought 6,095,223 equity shares, representing a 5.97% stake in Gateway Distriparks from Temasek.
The Allcargo stock slipped 0.46% to close Rs 680 while the Gateway Distriparks stock gained 3.8% to close at Rs 44.25 in a strong Mumbai market.
The Allcargo stock slipped 0.46% to close Rs 680 while the Gateway Distriparks stock gained 3.8% to close at Rs 44.25 in a strong Mumbai market.
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