Gati is a pioneer in Express Distribution and Supply Chain Solutions. It runs a logistics business, essentially doing door to door parcel delivery.
The stock closed at Rs. 181.25/- a gain of over 10%.
Macquarie Bank sold 5,000,000 shares or 5.7% (avg. purchase price is close to Rs.106/-) to New Horizon Opportunities Master Fund (headed by Madhav Bhatkuly) at an avg. price of Rs. 172.50/- per share thereby valuing the deal at Rs. 86.25 crore.
Macquarie Group Limited is a global investment banking and diversified financial services group, providing banking, financial advisory and investment and funds management services to institutional, corporate and retail clients and counterparties around the world. Headquartered in Sydney, Macquarie is the largest Australian investment bank and the top ranked mergers and acquisitions advisor in Australia.
GAM Asset Management had launched an India fund run by Mumbai-based investment adviser New Horizon. The GAM fund invests in high-conviction value portfolio of stocks with three to five-year view.
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