Pursuant to Regulation 26(7) of the SEBI (SAST) Regulations 2011 the Recommendation of the Committee of the Independent Directors of Gati Limited (Target Limited) in relation to the open offer made by Allcargo Logistics Limited (Acquirer) to the public shareholders of the Target Company for acquisition of up to 3 17 42 615 equity shares of face value of ?2 each at a price of ?75 per fully paid up equity share pursuant to Regulations 3(1) 4 and other applicable provisions of SEBI (SAST) Regulations has been published in the following newspapers on Saturday March 07 2020 where the Public Announcement (PA) of the open offer has been published
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