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Gateway Distriparks Group Merger & Amalgamation Process On Track equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Gateway Distriparks (GDL) had announced an amalgamation scheme between GDL and its subsidiaries Gateway Rail Freight and Gateway East India in September 2020. Now, both NSE and BSE have conveyed their No-objection on 12 March, 2021 enabling the Company to go ahead with filing of the draft scheme with the National Company Law Tribunal (NCLT). The Company, Gateway Rail Freight and Gateway East India have filed the Joint Company Application in relation to the Scheme with NCLT on 14 March, 2021 to begin the next step of the process. The merged entity will have 4 rail-linked inland container depots for EXIM business, a domestic rail terminal in Navi Mumbai, 6 container freight stations spread across the country, and a combined fleet strength of 31 train sets and over 500 road trailers. In addition, the combined cash flows will enable the merged entity to accelerate debt reduction while at the same time allowing it to continue upon its expansion plans to build a wider netw ....
BSE, NSE clear Gateway Distriparks amalgamation scheme - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.