Snowman Logistics Limited — Important, 24-12-2024: Updates

Gateway Distriparks Limited has acquired 7,35,046 equity shares of Snowman Logistics Ltd, increasing its holding from 48.58% to 49.02%. This acquisition occurred between December 20 and December 23, 2024, by open market purchase. Following this transaction, the total equity share capital of Snowman Logistics stands at Rs. 1,67,08,79,950, with 16,70,87,995 shares. This move suggests a strengthening of Gateway's position as a promoter and may signal confidence in Snowman's future prospects. Investors should watch closely for any strategic actions or developments that could arise from this increased stake, which may enhance growth opportunities.