Snowman Logistics Limited — Important, 02-12-2024: Updates

Gateway Distriparks Limited has acquired 4,78,557 equity shares of Snowman Logistics Ltd, raising its ownership stake from 47.90% to 48.19%. This acquisition was conducted through the open market, specifically on the NSE, and adds strategic depth to Gateway’s holdings in Snowman. Following the purchase, Gateway now holds a total of 8,05,11,610 shares in Snowman from an equity share capital of 16,70,87,995 shares. This move implies a solidifying position for Gateway within Snowman, potentially offering growth opportunities moving forward. Stakeholders should monitor how this increased stake might influence Snowman's strategic directions and market performance.