Saturday, May 18News That Matters

Macquarie buys stake in GATI from open market


21/5/2014    Macquarie Bank purchased more than 1 million shares of the company at an average price of Rs 97.02 per share in a block deal on Tuesday, NSE data shows.

Shares in Gati LtdBSE 4.58 %, logistics solutions company, surged about 7 per cent after Macquarie Bank bought stocks in the company on Tuesday in a transaction estimated at about Rs 99.5 million.

On December 30 2013,  M/s Derive Investments a fund run by independent investor Radhakishan Damani and Gopikishan Damani, bought 4.44 million shares, or 5.13% of the total equity of the company via open market purchase. Post acquisition, total holding of M/s Derive Investments has increased to 6.97% from 1.84% earlier, it added.  He bought at @ 43 per share.



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