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.
Gateway Distriparks is India’s leading private sector rail and Container Freight Station (CFS) operator.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
-
Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
-
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in