Gati gains on stake buy by Macquarie Bank
On May 20 2014, Macquarie Bank purchased 1.02 million shares of Gati at an average price of Rs 97.02 per share.
Gati has rallied 7% to Rs 103 after Macquarie Bank, a unit of Australia's Macquarie Group, acquired a stake of over 1% in the company for Rs 10 crore through an open market purchase.
On May 20 2014, Macquarie Bank purchased 1.02 million shares representing 1.18% stake of Gati at an average price of Rs 97.02 per share in a bulk deal, the NSE data shows.
Macquarie Bank had nil holding at the end of March 2014 quarter, the shareholding pattern data shows.
The stock opened at Rs 98 and hit a 52-week high of Rs 104 on NSE. A combined 3.43 million shares changed hands on the counter till 1015 hours on NSE and BSE.
On May 20 2014, Macquarie Bank purchased 1.02 million shares representing 1.18% stake of Gati at an average price of Rs 97.02 per share in a bulk deal, the NSE data shows.
Macquarie Bank had nil holding at the end of March 2014 quarter, the shareholding pattern data shows.
The stock opened at Rs 98 and hit a 52-week high of Rs 104 on NSE. A combined 3.43 million shares changed hands on the counter till 1015 hours on NSE and BSE.