Gati Limited

Allcargo Logistics, Allcargo Gati boards approve businesses restructuring

Allcargo Logistics Ltd and Allcargo Gati boards on Thursday approved restructuring of businesses, Allcargo Group said in a statement. As per the scheme, International Supply Chain (ISC) business will be demerged into a separate entity -- Allcargo ECU Ltd, it said. This would include the India part of ISC business, along with the international subsidiaries held under the ECU Worldwide NV, it said. It also said the express and contract logistics businesses would come under the resulting entity -- Allcargo Logistics (post ISC demerger) -- which will benefit from combined synergies. Moreover, the shareholders of Allcargo and Allcargo Gati (formerly Gati Ltd) will get direct shareholding, eliminating inefficient complex corporate structure, the company said. As per the approved swap ratio, based on the recommendations of the independent valuers, shareholders of Allcargo Gati will get 63 shares in the resulting Allcargo Logistics entity (post-ISC demerger) for every 10 shares held in ..

Gati records Rs 3.7 cr loss in July-Sep quarter, net income at Rs 445.37 cr

Logistics company Gati Ltd on Friday reported a consolidated loss of Rs 3.79 crore in the quarter ended September 2023. The company had posted a consolidated profit of Rs 7.65 crore in the year-ago period, Gati Ltd said in a filing to BSE. Consolidated income stood at Rs 445.37 crore in July-September period, which was higher from Rs 442.60 crore recorded a year ago. The company is engaged in the business of express logistics through its flagship subsidiary 'Gati Express & Supply Chain Pvt Ltd' (formerly known as Gati Kintetsu Express Private Limited) and fuel stations.

Cabinet pulls up infra ministries to expedite port connectivity projects

Cabinet Secretary Rajiv Gauba also asked the ministries to finalise a comprehensive action plan in coordination with DPIIT and integrate it with PM Gati-Shakti framework by Aug 15

Gati ramps up network capacity by 20-25%; increases workforce by 15%

Express distribution firm Gati has ramped up its network capacity by 20-25 per cent by adding 100 line haul trucks to its flexi network

Gati Ltd looks to shut two more businesses post cold chain exit

In May, Gati Ltd exited its cold chain solutions business, Gati Kausar India Ltd, to focus on express distribution and e-commerce.

Gati to exit cold chain solutions biz; Q4 loss widens to Rs 173.40 cr

Express distribution and supply chain solutions firm Gati Ltd, on Wednesday said it is exiting from its cold chain solutions business -- Gati Kausar India

MD Mahendra Agarwal resigns from supply chain firm Gati's board

Supply chain solutions provider Gati Ltd on Tuesday said its founder and Managing Director Mahendra Agarwal has resigned from the board.

Allcargo Logistics gets Sebi nod for open offer to buy 26% in Gati

Multi-modal logistics firm initiates final phase of stake buy in Gati

Allcargo boosts single-largest investor status in Gati, ups stake to 20.8%

Share purchase from Gati promoters marks end of second phase of deal

Allcargo acquires nearly 13% stake in Gati in first of three-phased buyout

The Avvashya Group company is now well on track to complete the process to acquire 44.5 percent stake in Gati, the total deal size of which is Rs 416 crore

Family feud takes Gati to NCLT; transfer of management a sticking point

On December 5, Allcargo announced it was buying a controlling stake in Gati for Rs 416 crore

Allcargo Logistics enters express segment with Rs 450-crore Gati stake buy

The company has already chalked out a plan to become a majority stakeholder in the express business

Gati settles row over FCCBs, offers investors 10 mn converted shares

BS ReporterHyderabad, 23 August: Hyderabad-based logistics company Gati Limited said it has finally settled the issue of Foreign Currency Convertible Bonds(FCCBs) with the investors through redemption as well as conversion of FCCBs into equity shares. In December 2011, the company had reissued FCCBs with a five year maturity to Goldman Sachs International for $ 22 million, essentially to redeem the balance portion of FCCBs that it had issued in 2006. The maturity time of these FCCBs was December 2016. Following the settlement the company's overall debt has come down to Rs 390 crore, Gati said.Commenting on the development, the company founder and CEO Mahendra Agarwal said, " I am glad to inform that with sustained efforts, Gati has finally closed FCCB through redemption/conversion in its entirety. In the context of complex regulations, this FCCB closure is a significant development and we believe it will enhance the shareholders' confidence."The company had allotted 10 million ...

Gati Q1 net profit up 20% at Rs 12 crore

Total income from operations rose little over 2% to Rs 425.54 crore