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Gateway Distriparks aims to list rail unit - sources

Reuters  |  MUMBAI 

By Abhishek VishnoiMUMBAI (Reuters) - Logistics firm Gateway Distriparks Ltd is aiming to list its rail unit, valued by analysts at nearly $500 million, by the end of the current financial year in March 2016, two sources directly involved in the process told Reuters.Private equity firm Blackstone , a key investor in unit Gateway Rail Freight, had written to the parent firm in January asking it to consider an initial public offer, according to a company filing at the time. Blackstone invested around 3 billion rupees ($48 million) in Gateway Rail Freight in 2010, the bulk of that through ...

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First Published: Tue, April 14 2015. 17:40 IST
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