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Construction : Web Exclusive | October 2014 | Source : Construction Update

Mandala Capital buys minority stake in Gati Kausar

Mandala Capital bought a minority stake through Mandala Capital AG Fund Ltd and Mandala Agribusiness Investments II in Gati Ltd's cold chain arm, Gati Kausar, for a consideration of Rs 150 crore. Out of this Rs 30 crore is invested as equity and compulsory convertible preference shares (CCPS). The balance Rs 120 crore is invested in non-convertible bonds (NCB). Gati Kausar will use the funds to create a network of cold chains across India over the next three years.
 
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