Gateway Distripaks - stake sale ?

With reference to the news item appearing in a leading financial daily titled "Gateway Distripaks MD may take reins; Co. may offload stake to strategic partner later; Reliance Logistics and Tata Group Send Feelers", Gateway Distripaks Ltd has clarified that the contents of this report are not based on facts and are speculative in nature. The Company has responded to the financial daily clarifying the issues raised in the report.

The Company further clarify that they have only one Indian Promoter, Mr. Prem Kishan Gupta, who holds around 18 % in the equity of the Company in his personal name and in the name of his company, Prism International Pvt Ltd.