Gati to exit cold chain solutions biz

New Delhi Express distribution and supply chain solutions firm Gati Ltd, which reported widening of its consolidated loss at Rs 173.40 crore in the March quarter, on Wednesday said it is exiting from its cold chain solutions business Gati Kausar India. Gati will sell its approximately 70 per cent stake in Gati Kausar India to existing minority shareholder Mandala Capital AG Limited, a leading private equity firm focused on investments across the food value chain, the company said in a statement.

Mandala, which currently holds about 30 per cent, has been a shareholder in Gati Kausar since 2014, the company said.