Gateway Distriparks gains over 4% on rail unit IPO plan

Gateway Distriparks plans to list Gateway Rail Freight, valued by analysts at nearly USD 500 million, by the end of the current financial year in March 2016, two sources directly involved in the process said.

April 15, 2015 / 11:55 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Gateway Distriparks gained more than 4 percent in opening trade after Agency reported on Tuesday that the logistics firm is aiming to list its rail unit.

Gateway Distriparks plans to list Gateway Rail Freight, valued by analysts at nearly USD 500 million, by the end of the current financial year in March 2016, two sources directly involved in the process said.

In order to maintain its majority stake after the IPO, Gateway Distriparks is in talks with Blackstone to buy back a five to seven percent stake in the unit, the sources added.

first published: Apr 15, 2015 09:50 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347