Gati/Allcargo Logistics: The Board of Directors of Gati has approved the allotment of 1.33 crore equity shares each to Allcargo Logistics Limited on a preferential basis at Rs75 per share, in aggregating to the consideration of Rs100 crore. With this, Allcargo has acquired around 13% stake in Gati Ltd. Besides, Allcargo has also announced an open offer to acquire an additional up to 26% stake in the company from public shareholders. This development comes even as a cloud of uncertainty hangs on the gate of the deal.
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GATI 
Reputation: 649 • Jan 22, 2020 2:15 PM
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NSE:GATI price when posted: 66.4