Gati shows interest to acquire Vulcan Express, stock soars 2%
DSIJ Intelligence / 10 Jul 2017
Gati Limited is engaged in the express distribution and supply chain solutions. The Company's segments include express distribution and supply chain, which covers integrated cargo services, such as rail,road, and air transportation.
Peepul Capital, Gati and TVS Logistics have shown interest to acquire Vulcan Express, the logistics arm of Snap deal.
Gati Limited is engaged in the express distribution and supply chain solutions. The Company's segments include express distribution and supply chain, which covers integrated cargo services such as rail, road and air transportation.
A leading daily reported that a transaction could take place over the next 60 days, with Snap deal expecting Vulcan Express to fetch Rs 90-120 crore.
Meanwhile, Gati soared 2.04% at Rs 130.35 per share on BSE. The stock attracted a total traded quantity of 0.82 lakh.
As per market observers, the company has good consistent profit growth of 20.82% over 5 years. The company has also been maintaining a healthy dividend payout of 36.59%.
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