Gateway Distriparks rises on getting nod to sell stake in WOS

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Gateway Distriparks is currently trading at Rs. 83.50, up by 0.35 points or 0.42% from its previous closing of Rs. 83.15 on the BSE.

The scrip opened at Rs. 81.15 and has touched a high and low of Rs. 83.95 and Rs. 81.15 respectively. So far 307714 shares were traded on the counter.

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The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 171.15 on 16-Nov-2018 and a 52 week low of Rs. 81.15 on 15-Nov-2019.

Last one week high and low of the scrip stood at Rs. 90.00 and Rs. 81.15 respectively. The current market cap of the company is Rs. 906.25 crore.

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The promoters holding in the company stood at 30.00%, while Institutions and Non-Institutions held 57.64% and 12.35% respectively.

Gateway Distriparks (GDL) has received approval from its board to sell its entire shareholding held in wholly owned subsidiary company (WOS) – Chandra CFS and Terminal Operators to Team Global Logistics. The board also approved the Share Purchase Agreement (SPA) for sale of shares in Chandra CFS.

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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.