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Board of Gateway Distriparks approves raising funds up to Rs 620 crore

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Capital Market

At meeting held on 24 December 2018

The Board of Gateway Distriparks at its meeting held on 24 December 2018 has approved raising of funds upto Rs. 620 crore by issue of debt securities including nonconvertible debentures and any other instruments for making balance payment to complete the acquisition of Compulsory Convertible Preference Shares (CCPS) in subsidiary company, Gateway Rail Freight (GRFL) from Blackstone and towards expansion of business/other corporate purpose.

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First Published: Dec 24 2018 | 12:25 PM IST

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