Gateway Distriparks Limited (GDL) has agreed to buy Kashipur Infrastructure and Freight Terminal Private Limited (KIFTPL), in a share purchase agreement (SPA). “The agreed purchase consideration for acquiring 99.92per cent of KIFTPL’s shareholding from its shareholders is 156 crore, subject to certain pre-closing and post-closing adjustments in accordance with the terms of the SPA, which is expected to close at the end of Q3 of FY 2022–23.” The process to acquire the remaining 0.08per cent shareholding from Fourcee Infrastructure Equipments Private Limited, which is in liquidation, has begun, according to a press release from the company.
Trending
- ACFI launches Andhra Pradesh chapter, CM Naidu inaugurates in Vizag
- September 2025 Edition
- BonV Aero’s UAVs redefine logistics with 15-minute mission readiness
- Swan Defence, Indian Maritime University partner to boost maritime training
- India, UAE strengthen CEPA to target $100B non-oil trade by 2030
- DPIIT reviews INR 10,000 cr mega projects in southern states
- OIA Global expands its footprint in India with a new office in Delhi
- 4th edition Logistics & SCM Summit set to drive India’s logistics journey towards Viksit Bharat@2047
- India seeks to boost rice exports to Philippines, the top importer
- Piyush Goyal launches Bharat Buildcon 2026 curtain raiser in New Delhi
Get more than News - Get Insights