Derive Investments, an investment company run by Radhakishan Damani, has bought 40.17 lakh shares or 4.64% stake in Gati through bulk deals on BSE and NSE. Derive Investments has acquired 7.38 lakh equity shares in a single block deal on BSE at Rs 42.23 per share, while it struck two bulk deals on NSE; in the first deal, it bought 6.50 lakh shares at Rs 44 each and purchased 26.29 lakh shares at Rs 41.76 each in the second deal.
As on September 31, 2013, the promoters holding in the company stood at 37.99%, while institutions and non-institutions held 0.64% and 61.37% stake in the company, respectively.
Gati is a leading player in express distribution and logistics and operates through two divisions - Express Distribution & Supply Chain (EDSC) and Coast- to-Coast (C2C) division. It also operates two container yards at Chennai and Port Blair which increases capability and provides for efficient handling of the cargo.
As on September 31, 2013, the promoters holding in the company stood at 37.99%, while institutions and non-institutions held 0.64% and 61.37% stake in the company, respectively.
Gati is a leading player in express distribution and logistics and operates through two divisions - Express Distribution & Supply Chain (EDSC) and Coast- to-Coast (C2C) division. It also operates two container yards at Chennai and Port Blair which increases capability and provides for efficient handling of the cargo.
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