December 31, 2013 / 5:27 AM / 4 years ago

MARKET EYE-India's Gati shares rally after investor Damani buys stake

* Shares in Gati Ltd rose as much as 12.5 percent to
their highest since February 2012 after a fund run by
independent investor Radhakishan Damani bought 4 million shares,
or 4.6 percent of the total equity in the logistics provider,
according to NSE and BSE exchange data.
* Derive Investments, an investment company run by Damani who is
known in India for his stock picks, bought shares through a
series of bulk deals on Monday, according to the data.
* At 0517 GMT, shares in Gati were up 7.73 percent at 47.40
rupees.

 (indulal.p@thomsonreuters.com;
+91-22-6180-7183/indulal.p.thomsonreuters.com@reuters.net)

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