On the heels of its latest earnings report Gati’s finance director, Sanjeev Jain, outlined the final phase of the initiative in an interview with Live Mint.
Jain reminded the publication that his company started carving up its shipping division last year and said the remaining 48% stake will likely be sold by the end of 2014.
The executive, who noted Gati has identified potential buyers, also pointed out that the operator sold another boxship during the quarter that ended on 30 June in a move that left the group with only one vessel.
“The
