Gateway Distriparks will acquire private equity major Blackstone’s entire holding in its freight company Gateway Rail Freight for ₹810 crore. Post the deal, Gateway Distriparks’ stake in Gateway Rail Freight will be 99.80 per cent.
The company said the acquisition will be completed in 90 days, subject to regulatory approvals. Gateway Rail provides inter-modal logistics and operates its own rail-linked Inland Container Depots at Gurgaon, Faridabad, Ludhiana and Sanand.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.