Acquisitions5 Dec 2024, 02:05 pm
Gateway Distriparks Acquires 48.58% Stake in Snowman Logistics via Open Market Purchase
AI Summary
Gateway Distriparks Ltd has disclosed the acquisition of 6,48,906 equity shares of Snowman Logistics Ltd, which amounts to 48.58% of the total voting capital. The acquisition was made through open market purchases. The total equity share capital of Snowman Logistics Ltd stands at 16,70,87,995 shares after the acquisition.
Key Highlights
- Gateway Distriparks acquires 48.58% stake in Snowman Logistics
- Acquisition made through open market purchases
- Total equity share capital of Snowman Logistics now stands at 16,70,87,995 shares
- The acquisition was made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011