Team Global Logistics Private Limited’s $6.5 Million Acquisition of Chandra CFS & Terminal Operators Private Limited in Chennai


Khaitan & Co acted as the Indian legal counsel to Gateway Distriparks Limited in relation to the sale of 100% shareholding held by it in Chandra CFS and Terminal Operators Private Limited.

Gateway Distriparks Limited (GDL) has entered into a Share Purchase Agreement to sell its second CFS in Chennai, held in its wholly owned subsidiary – Chandra CFS & Terminal Operators Private Limited – to Team Global Logistics Private Limited.

Chandra CFS is a container freight station located between Chennai & Ennore ports.

Khaitan & Co acted as the Indian legal counsel to Gateway Distriparks Limited with a team including Prasenjit Chakravarti (Picture), Nitish Goel and Sushmita Sarin.

Involved fees earner: Prasenjit Chakravarti – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Gateway Distriparks Ltd;