Wednesday, May 5, 2010

May 5 2010

SBI Mutual Fund and DSP Black Rock Mutual Fund bought 3 million shares each of Gateway Distriparks Limited @ Rs. 123.50/- from Thakral Corporation.

Thakral Group – an initial investor in Gateway Distriparks – had acquired these shares at an average price of Rs. 7.12 each. Thakral Group is a large distributor of consumer electronics in Singapore and a promoter in garments company Givo Limited.

The other big investors in Gateway Distriparks are: Fidelity, LIC of India, and Norges Bank (Norway).

Few months back, IFC and Blackstone had announced investments in two different a subsidiaries of Gateway Distriparks.

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