Gateway Distriparks Limited
CORPORATE Norwest Venture Partners to Invest INR 60 Crore in Snowman Logistics Ltd, Subsidiary of Gateway Distriparks Ltd INR 60 Crores to fund the growth plans of Snowman Logistics Limited, one of India’s largest temperature controlled storage and transportation solutions provider A high quality investor joins Snowman as a significant shareholder Gateway Distriparks Limited (GDL) and its subsidiary, Snowman Logistics Limited (SLL ) have today executed a share subscription agreement with Norwest Venture Partners VII-A-Mauritius (NVP ), pursuant to which NVP will invest Rs. 60 crores in SLL by subscription to SLL’s equity shares ( NVP Investment ). Subsequently, GDL, SLL, NVP, and certain other existing shareholders exec...