Gateway Distriparks expires at Rs 75 when re-valued and appraised at Rs 3,730

Shares of logistics company Gateway Distriparks, which was re-certified on Tuesday after the merger plan, ended up trading at Rs 75, valuing the company at Rs 3,730 crore.

Street had expected the stock to list above Rs 90 – close to the pre-merger adjusted price.

After the merger scheme, two of its subsidiaries – Gateway East India and Gateway Rail Freight ceased to exist.

Reorganized to achieve more operational synergies, improve cash flow and reduce costs. Philip Capital in a recent note issued a price target of Rs 111 per share.

Gateway Distriparks is India’s leading private railway operator and container shipping terminal (CFS).

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