Gati, engaged in express distribution and supply chain solution, witnessed a rise in share price on Tuesday after the company said it is exploring the possibility of inducting a new financial/strategic partner.

''The board of directors of the company will meet on April 26 to review, consider and pass the enabling resolution for exploring the possibility of inducting a new financial/strategic partner to augment the future growth of the company,'' the company said in the filing.

Shares of the company are trading at Rs 117.95, up Rs 17.35, or 17.25% at the Bombay Stock Exchange (BSE) on Tuesday at 12:34 p.m.

The scrip has touched an intra-day high of Rs 118.65 and low of Rs 101.00. The total volume of shares traded at the BSE is 1,012,678.