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Gateway Distriparks ends at Rs 75 on relisting, valuation at Rs 3,730 cr

The Street was expecting the stock to list above Rs 90-close to the adjusted price pre-amalgamation

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Gateway Distriparks | shares

BS Reporter  |  Mumbai 



Logistics

of logistics firm Gateway Distriparks, which relisted on Tuesday following a scheme of amalgamation, finished at Rs 75, valuing the company at Rs 3,730 crore.

The Street was expecting the stock to list above Rs 90–close to the adjusted price pre-amalgamation.

Following the scheme of amalgamation two of its subsidiaries-- Gateway East India and Gateway Rail Freight have ceased to exist.

The reorganisation was done to bring in greater operational synergies, improve cash flows and reduce costs. Philip Capital in a recent note had issued a price target of Rs 111 for the stock.

is India’s leading private sector rail and Container Freight Station (CFS) operator.


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First Published: Tue, March 22 2022. 18:07 IST

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