Gateway Distriparks gets Blackstone notice to initiate steps for Gateway Rail IPO

Gateway Distriparks Ltd has announced that the Board of Directors of the Company at its meeting held on January 29, 2015, in response to the notice received from Blackstone GPV Capital Partners

Jan 29, 2015 06:01 IST India Infoline News Service

Gateway Distriparks Ltd has announced that the Board of Directors of the Company at its meeting held on January 29, 2015, in response to the notice received from Blackstone GPV Capital Partners (Investor) vide their letter dated Jan 16, 2015, have decided to initiate steps necessary for the IPO of the Company's subsidiary Company, Gateway Rail Freight Limited, in accordance with the terms of the Share Subscription & Shareholders Agreement (SSHA) dated Nov 09, 2009 and applicable rules & regulations.

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