Gati to sell shipping biz;stock surges
Gati is planning to sell its shipping business for Rs 200-250 crores, reports ET Now. The funds are likely to be used to re-pay debts. The company’s current debt burder is at Rs 400 crores.
By ET Bureau |
MUMBAI: Gati is planning to sell its shipping business for Rs 200-250 crores, reports ET Now. The funds are likely to be used to re-pay debts. The company’s current debt burder is at Rs 400 crores.
The management has declined to comment.
Shares of GATI surged 11.08 per cent higher to Rs 63.65 on the NSE. It touched a high of Rs 64.85 and low of Rs 55.40 in trade so far.
The management has declined to comment.
Shares of GATI surged 11.08 per cent higher to Rs 63.65 on the NSE. It touched a high of Rs 64.85 and low of Rs 55.40 in trade so far.
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