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Gati buys 26% in Kausar, ups stake to 99.73%

This article was posted on Apr 1, 2009 and is filed under Stock News

MUMBAI: Logistics firm Gati Ltd said on Wednesday it has acquired 26.01 per cent in trucking company Kausar India Ltd, taking Gati’s stake to 99.73 per cent.

The shares were acquired through a reverse book-building process on March 31.

Gati, the sole promoter of Kausar India, had said it planned to delist Kausar shares from the Delhi Stock Exchange and Ludhiana Stock Exchange Association.

At 11:52 a.m., Gati shares were up 6.3 per cent at 43 rupees in a firm Mumbai market.

SOURCE: Economictimes

Tags: Gati

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