Gati completes divestment of 69.79% stake held in Gati Kausar
Gati announced that it has concluded the transfer of its 69.79% stake in Gati Kausar to Mandala Capital AG on 14 July 2021.
With this aforementioned transfer, Gati Kausar has ceased to be the Company's Subsidiary with effect from 14 July 2021 and also the Company stands to have reduced its debt at a consolidated level by approx. Rs. 105 crore.
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First Published: Jul 16 2021 | 10:57 AM IST