ICICI Securities: Gateway Distriparks’ Holding Structure Simplified; Prepared For Next Phase Of Growth

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Gateway Distriparks Ltd. board has approved -amalgamation of Gateway East India Pvt. with Gateway Distriparks, andamalgamation of Gateway Distriparks (post-merger with GEI) with Gateway Rail Freight Ltd.For amalgamation of Gateway East India with Gateway Distriparks, no consideration will be given to the shareholders of Gateway East India since it is a wholly-owned subsidiary of Gateway Distriparks.For amalgamation of Gateway Distriparks with Gateway Rail Freight, the shareholders of Gateway Distriparks will receive equity shares of GRFL in the ratio 1:4.GRFL will get listed and Gateway Distriparks will cease to exist.The company holds 99.85% stake in GRFL. Promoter shareholding remains largely unchanged post the scheme at 32.12%.Amalgamation into GRFL was expected on account of the existing category-I Rail licence being in the name of GRFL..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Securities: Gateway Distriparks’ Holding Structure Simplified; Prepared For Next Phase Of Growth

ICICI Securities: Gateway Distriparks’ Holding Structure Simplified; Prepared For Next Phase Of Growth

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