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Adani Logistics in talks to buy Snowman Logistics

Updated : November 06, 2019 02:01 PM IST

Gateway Distriparks, the parent company of Snowman Logistics, is looking to sell the loss-making firm to raise funds and reduce debt, said the sources.
Gateway has around Rs 600 crore of debt on its books and is looking at avenues to monetise the poor performing assets.

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