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.