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
- Skill centre coming up at AURIC in tie-up with CII, MoU next week
- Indian Railways adopts AI for train safety, signs MoU with DFCCIL
- Vizhinjam Port handles 400 vessels in a year, sets record on southeast coast
- India calls for safer seas and more inclusive ships at Global Maritime Meet
- India tops APAC logistics chart as warehousing demand surges: CBRE survey
- Piyush Goyal eyes ₹20 lakh Cr agricultural exports with focus on processing & branding
- India Post locks air cargo slots to speed up deliveries across the country
- India launches first e-Truck incentive scheme to drive green freight revolution
- Bengaluru to host mega expo on e-commerce, logistics & warehousing
- JNPA sees 15.5% growth in container traffic in Q1 of FY2025-26
Get more than News - Get Insights