On December 5, Allcargo bought 10.38 million, or 8.51%, shares in Gati for Rs 77.8 crore. In a further preferential allotment, it got 13.33 million, or 10.92%, shares for Rs 100 crore. This was followed by an open offer for 31.74 million shares, or 26%, of the company from shareholders including Mahendra Agarwal, his Mahendra Investment Advisors Pvt Ltd owns a little under 3% and TCI Finance owns about 5%.from Stocks-Markets-Economic Times https://ift.tt/2E7FSqg
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