InvestorQ : I am having some shares of Allcargo Logistics. What do you suggest I must do in the light of its recent acquisition of GATI?
Dhwani Mehta made post

I am having some shares of Allcargo Logistics. What do you suggest I must do in the light of its recent acquisition of GATI?

Answer
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Khushi Patel answered.
7 months ago


Allcargo Logistics already has a 20.83% stake in GATI. Now, it has also received SEBI approval to launch an open offer to acquire an additional 26% in GATI. On completion of the open offer, Allcargo will emerge as the controlling stakeholder in GATI with a 46.83% ownership. Allcargo looks to acquire 3.17 crore shares, constituting 26% equity stake in Gati at Rs.75 per share. Post the open offer, Allcargo's stake in GATI will go up to 46.83%. The acquisition is in line with the company’s long-term strategy to strengthen the domestic business.