Temasek sells bulk of its stake in Gateway Distriparks

Reuters India, 5 Mar 2009, Madhav A Chanchani (VCCircle.com)

Temasek, which holds 6.65% in the firm, has sold a 5.59% stake for Rs 28 crore through open market on the BSE.

Singapore's state investor Temasek Holdings has exited a major part of its stake in container-freight stations’ operator Gateway Distriparks. Temasek, through its completely owned subsidiary Aranda Investments Mauritius Pte Ltd, has sold a 5.59% stake for Rs 28 crore through open market on the Bombay Stock Exchange. As of December 2008, Temasek through Aranda held a 6.65% in the firm, and will now hold just over 1% stake in the Mumbai-based company.

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