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Gati to explore inducting new financial,strategic partner; stock surges 16%

The board will meet on April 26, to consider and pass the enabling resolution for exploring the possibility of inducting a new financial/strategic partner to augment the future growth of the company.

Logistics sector
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SI Reporter Mumbai
Gati has moved higher by 16% to Rs 117 on the BSE on back of heavy volumes after the logistics company said it exploring the possibility of inducting a new financial/strategic partner.

“The board of directors of the company will meet on Thursday, April 26, 2018 to review, consider and pass the enabling resolution for exploring the possibility of inducting a new financial/strategic partner to augment the future growth of the company,” Gati said in a regulatory filing.

The trading volumes on the counter surged more than eight times with a combined 4.24 million shares representing 4% of