Widely read:
Set up as a joint venture by NTSC, Parameshwara Holdings, Windmill International and Thakral Corporation, Gateway Distriparks (GDL) is into the business of warehousing and container freight stations (CFS). It owns and manages CFS and inland container depots (ICDs). It has invested Rs 350 crore via its subsidiary, Gateway Rail Freight, in container trains. It is the next biggest private entry in this segment as the market is dominated by Container Corporation of India. Institutions have shown credible interest in GDL, with Blackstone taking it to the next stage by agreeing to buy 37.5 per cent stake for Rs 300 crore.
This article was originally published on December 23, 2009.
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