Gateway Distriparks subsidiary acquires 100% of Chandra CFS

Gateway Distriparks wholly owned subsidiary, Gateway Distriparks (South) has acquired 100% of the paid up equity share capital of Chandra CFS And Terminal Operators for a net cash consideration of Rs 26.50 crore.

February 04, 2013 / 16:41 IST

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Gateway Distriparks Ltd has informed BSE that the Company's wholly owned (unlisted) subsidiary, Gateway Distriparks (South) Pvt. Limited ("GDSPL") has acquired 100% of the paid up equity share capital (Rs. 17.50 Cr.) of Chandra CFS And Terminal Operators Private Limited ("Chandra CFS"), an unlisted private limited Company, for a net cash consideration of Rs. 26.50 crores.Chandra CFS has been operating a Container Freight Station ("CFS") at Nallur Village, Chennai for about 5 years - constructed on a 10.5-acre free-hold land with warehouses & container handling equipments.Source : BSE

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first published: Feb 4, 2013 04:41 pm

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