Inter-modal logistics operator Gateway Distriparks Ltd (GDL) on Tuesday said it will acquire Kashipur Infrastructure and Freight Terminal Pvt Ltd (KIFTPL) for more than Rs 156 crore. KIFTPL owns and operates a rail connected Inland Container Depot (ICD) at Kashipur in Uttarakhand. It currently provides only terminal services while rail services are provided by other container train operators.
GDL has signed a Share Purchase Agreement (SPA) with KIFTPL and its majority shareholders — ..
The agreed purchase consideration for the acquisition of 99.92 per cent shareholding of KIFTPL from its shareholders stands at Rs 156 crore, subject to certain pre-closing and post-closing adjustments in accordance with the terms of the SPA, the statement said.
The company also said the process to acquire the remaining 0.08 per cent shareholding from Fourcee Infrastructure Equipments, which is in liquidation, has been initiated.
With the acquisition, GDL will provide exclus ..