TVS Logistics seeks to acquire Gati's controlling stake, says report
Updated : July 30, 2018 11:42 AM IST
TVS Logistics is in talks with Gati to buy a controlling stake for about Rs 1,500 crore, The Economic Times reported.
TVS is seeking to buy the entire promoter holding of around 23 percent, sources told the paper.
The transaction may be followed by an open offer to minority shareholders of the Hyderabad-based firm.