/ Gati Plans To Acquire Vulcan, Stock Soars 2% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 10 July 2017

Gate with Peepul capital and TVS logistics have shown interest to acquire Valucan Express (a logistic arm of snapdeal).

According to leading daily report a transaction could take place over the next 60 days, with Snapdeal expecting Vulcan express to fetch Rs 90-120cr.

The Gati Dot is engaged in the supply chain solution and express distribution, segments of the company include expiry distribution and supply chain and covers integrated cargo services such as road, air transportation and rail.

On BSE the company soared 2.04% at Rs 130.35/share, stock attracted a total traded quantity of 0.82 lakh. The company had 148755 NSE+BSE shares were traded on the counter and had a current market cap of Rs 1256.68cr.

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