Logistics services provider Gateway Distriparks said today that the US-based port operator Sealand Terminals has reduced its stake in the company to 3.64 per cent after selling shares worth Rs 17.59 crore, through the open market transaction.
In a disclosure on the Bombay Stock Exchange, Gateway said Sealand Terminals has sold 25,13,500 shares, representing 2.33 per cent stake in the company. In March this year, Sealand had increased its stake in Gateway Disriparks from 0.35 per cent to 5.97 per cent.
Prior to the said transaction, Sealand Terminals held 5.97 per cent in Gateway Distriparks, while now it holds 3.64 per cent or 39,19,723 shares in the company.
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