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Gateway Distriparks is currently trading at Rs. 72.85, up by 0.05 points or 0.07% from its previous closing of Rs. 72.80 on the BSE.

The scrip opened at Rs. 73.00 and has touched a high and low of Rs. 74.10 and Rs. 72.65 respectively. So far 21494 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.90 on 05-Apr-2022 and a 52 week low of Rs. 64.15 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 74.10 and Rs. 69.50 respectively. The current market cap of the company is Rs. 3659.89 crore.

The promoters holding in the company stood at 32.12%, while Institutions and Non-Institutions held 53.73% and 13.89% respectively.

Gateway Distriparks (GDL) has signed a Share Purchase Agreement (SPA) with Kashipur Infrastructure and Freight Terminal (KIFTPL) and its majority shareholders namely, Apollo LogiSolutions, India Glycols and Kashipur Holdings on October 31, 2022 to acquire KIFTPL.

The agreed purchase consideration for the acquisition of 99.92% shareholding of KIFTPL from its shareholders is Rs 156 crore, subject to certain pre-closing and post-closing adjustments in accordance with the terms of the SPA, which is expected to close at the end of Q3 of FY 2022-23. The process to acquire the remaining 0.08% shareholding from Fourcee Infrastructure Equipments, which is in liquidation, has been initiated.

KIFTPL owns and operates a rail connected inland container depot (ICD) at Kashipur, Uttarakhand. The facility is spread over 41 acres, has three rail sidings, and 17,000 square feet of warehousing space. The target market in the region includes various industries such as paper products, wastepaper, chemicals, home furnishings, handicrafts, automotive parts, polyfilms, soda ash and other industrial goods.

Gateway Distriparks (formerly Gateway Rail Freight) is engaged in providing inter-modal logistics services.