Gati board OKs warrant issue to promoters

Gati board OKs warrant issue to promoters

Mumbai: Logistics firm Gati Ltd said on Tuesday its board approved a preferential issue of 1.4 million warrants to Infrastructure Fund of India LLC, convertible at Rs58 each.

The board also approved issuing 4.87 million warrants convertible at Rs81 each and 5.36 million warrants convertible at Rs58 each to promoters.

The warrants are convertible within 18 months.

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