Gati Plans To Acquire Vulcan, Stock Soars 2%


Gati, Peepul Capital and TVS Logistics have shown interest to acquire Vulcan Express, the logistics arm of Snapdeal.

A transaction could take place over the next 60 days, with Snapdeal expecting Vulcan Express to fetch Rs 90-120 crore, a leading daily reported.

Meanwhile, Gati soared 2.04% at Rs 130.35 per share on BSE. The stock attracted a total traded quantity of 0.82 lakh.

As per market observers, the company has good consistent profit growth of 20.82% over 5 years. The company has also been maintaining a healthy dividend payout of 36.59%.

Gati Limited is engaged in the express distribution and supply chain solutions. The company's segments include express distribution and supply chain, which covers integrated cargo services, such as road, rail and air transportation.

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