Mumbai, Nov 1 (PTI) 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 — Apollo LogiSolutions, India Glycols and Kashipur Holdings — for the acquisition, according to a statement.
