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    HomeNewsBusinessAnnouncementsGateway Distriparks enters in share sale agreement with Nichirei Logistics Corp

    Gateway Distriparks enters in share sale agreement with Nichirei Logistics Corp

    Gateway Distriparks (GDL) has executed Share Sale Agreement with Nichirei Logistics Corporation (Nichirei) to acquire Nichirei’s stake of about 6% (7.4 Million shares) in Snowman Logistics Limited (SLL) for about Rs. 25.90 crore. Post the acquisition, GDL’s holding in SLL will increase to about 54%.

    August 30, 2013 / 08:45 IST
     
     
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    Gateway Distriparks Ltd (GDL) has informed BSE that the Company has executed Share Sale Agreement with Nichirei Logistics Corporation (Nichirei) to acquire Nichirei’s stake of about 6% (7.4 Million shares) in Snowman Logistics Limited (SLL) for about Rs. 25.90 Crores.Post the acquisition, GDL’s holding in SLL will increase to about 54%.Further the Company has informed that, SLL has filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on August 29, 2013, for an initial public offering (IPO) of its equity shares (42 Million) for raising capital - subject to applicable rules.Source : BSE

    Read all announcements in Gateway Distri

    first published: Aug 30, 2013 08:45 am

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