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Gati Ltd has announced that it is exiting Gati Kausar India Ltd, its cold chain solutions business. Gati will sell its approximately 70% per cent stake to existing minority shareholder Mandala Capital AG Limited, a leading private equity firm focused on investments across the food value chain. The company expects the transaction to close within the next 30 days. Following the closure of this transaction, Mandala, which currently holds about 30%, will become the controlling shareholder in Gati Kausar. Mandala has been a shareholder in Gati Kausar since 2014.

Gati Kausar provides temperature-controlled transport service across verticals comprising healthcare, meat, bio-pharma, dairy products, organised retail and quick-service restaurants. The company operates a 5500-pallet state-of-the-art warehouse at Dharuhera in Haryana, a 300-pallet warehouse in Delhi for city distribution and a 3500-pallet leased warehouse in Mumbai. With an extensive fleet of 200 refrigerated vehicles, Gati Kausar can transport cargo at temperatures as low as -25 deg C.

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