Allcargo LogisticsNSE 3.65 % is in the final rounds of discussions to pick up a controlling stake in express logistics company GatiNSE 1.85 %, two people in the know said on Wednesday.
Gati’s promoter Mahendra Agarwal owned 14.38 per cent stake in the company as of June end, according to the latest available data from BSE. Of that, 63 per cent has been pledged against loans.
Allcargo aims to buy the entire promoter stake, said one of the people cited above. After consummating t ..