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Gati to buy remaining 26% stake in Kausar India

Gati to buy remaining 26% stake in Kausar India
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First Published: Thu, Mar 12 2009. 03 28 PM IST
Updated: Thu, Mar 12 2009. 03 28 PM IST
Mumbai: Logistics firm Gati Ltd said it plans to acquire the remaining 26.28% stake in trucking company Kausar India Ltd.
Gati, which is the sole promoter of Kausar India, currently holds 73.72% in the firm, it said.
Gati plans to de-list Kausar shares from the Delhi Stock Exchange and Ludhiana Stock Exchange Association following the acquisition.
It will acquire Kausar’s shares following a reverse book building process.
The offer opens on 23 March and closes on 25 March, Gati added.
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First Published: Thu, Mar 12 2009. 03 28 PM IST