Thursday, March 12, 2009

Allcargo acquires 5.97 percent stake in Gateway Distriparks


Mumbai (PTI): Logistic services provider Allcargo Global Logistics on Thursday said it has acquired a 5.97 per cent stake in Gateway Distriparks through open market transactions.

Sealand Terminals, a wholly-owned subsidiary of Allcargo Global Logistics, has acquired 60.95 lakh shares representing a 5.97 per cent stake in Gateway Distriparks from the open market, the logistics firm said in a filing to the Bombay Stock Exchange.

However, Allcargo Global Logistics didn't disclose any financial details in this regard.

Gateway Distriparks provides port-related logistics support services.

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