RELIANCE 1,300.05 -1.60 (-0.12%) TCS 3,447.35 +46.10 (1.36%) HDFCBANK 1,910.35 -6.00 (-0.31%) HINDUNILVR 2,331.60 +6.35 (0.27%) INFY 1,480.20 +8.90 (0.60%) HDFC 2,729.95 -17.05 (-0.62%) BHARTIARTL 1,815.60 -29.20 (-1.58%) KOTAKBANK 2,203.00 -21.00 (-0.94%) ICICIBANK 1,404.55 +2.30 (0.16%) ITC 428.15 -1.95 (-0.45%) BAJFINANCE 9,111.20 -186.90 (-2.01%) MARUTI 11,685.90 -214.90 (-1.81%) HCLTECH 1,579.30 -7.60 (-0.48%) SBIN 798.75 -14.45 (-1.78%) NESTLEIND 2,414.20 -20.60 (-0.85%) ASIANPAINT 2,430.20 -34.40 (-1.40%) WIPRO 240.80 -1.95 (-0.80%) DMART 4,373.55 -123.30 (-2.74%) AXISBANK 1,165.30 -42.00 (-3.48%) LT 3,272.15 -28.40 (-0.86%) HDFCLIFE 705.00 -3.20 (-0.45%) SUNPHARMA 1,786.85 -17.65 (-0.98%) ULTRACEMCO 12,236.20 +73.05 (0.60%) ONGC 246.35 -3.00 (-1.20%) BAJAJFINSV 2,045.35 -60.05 (-2.85%) BPCL 295.40 -6.55 (-2.17%) POWERGRID 306.25 -8.05 (-2.56%) TITAN 3,362.15 -22.20 (-0.66%) BRITANNIA 5,419.75 -43.80 (-0.80%) NTPC 356.30 -6.75 (-1.86%)

Download Unicorn Signals App

By EquityPandit

Gateway Distriparks to raise stake in Gateway Rail

June 27, 2018

Gateway Distriparks will be acquiring Blackstone’s stake in Gateway Rail.

The company has entered into a share purchase agreement for acquiring the entire compulsorily convertible preference shares (CCPS) and equity shares held by Blackstone GPV Capital Partners (Mauritius) V-H, in Gateway Rail Freight for cash consideration of Rs.810 crore.

There are no governmental or regulatory approvals required for the acquisition and the acquisition is expected to be completed on or before September 28, 2018. Further, with this acquisition company’s holding in its subsidiary, Gateway Rail Freight will increase from 50.001% to 99.80%.

Read EquityPandit’s Technical Analysis of Indian Stock Market

Latest
IPO

Weekly
Outlook

Stock

Market
Prediction