Wednesday, May 21, 2014

Gati surges; Macquarie buys stake from open market

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hares in Gati Ltd , logistics solutions company, surge after Macquarie Bank buys stocks in the company on Tuesday in a transaction estimated at about Rs 99.5 million (USD 1.7 million). Macquarie Bank purchased more than 1 million shares of the company at an average price of Rs 97.02 per share in a block deal on Tuesday, NSE data shows.

Gati was trading up 7.2 percent as of 11:11 a.m.

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