The media had reports that Indian promoters may hike their stake, take management control and may later sell their stake to a strategic player.
The National Stock Exchange Of India, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Gateway Distriparks Limited has vide its letter inter-alia stated, "We hereby advise that the contents of the report are not based on facts and are speculative in nature. We would also like to clarify further that we have only one Indian Promoter, Mr. Prem Kishan Gupta, who holds around 18% in the equity of Gateway Distriparks Limited in his personal name and in the name of his company, Prism Internnational Private Limited." -- www.nseindia.com
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