Allcargo acquires 5.97% stake in Gateway Distriparks

Logistic services provider Allcargo Global Logistics today 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.

Shares of Allcargo Global Logistics today closed at Rs 688, down 0.46 per cent on the BSE.