Allcargo Logistics gains on getting nod to sell 100% stake in Bantwal Warehousing

Allcargo Logistics is currently trading at Rs. 133.50, up by 0.35 points or 0.26% from its previous closing of Rs. 133.15 on the BSE.

The scrip opened at Rs. 135.00 and has touched a high and low of Rs. 135.00 and Rs. 132.10 respectively. So far 12945 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 155.15 on 11-Dec-2020 and a 52 week low of Rs. 51.50 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 137.50 and Rs. 131.00 respectively. The current market cap of the company is Rs. 3278.81 crore.

The promoters holding in the company stood at 70.01%, while Institutions and Non-Institutions held 17.30% and 12.69% respectively.

Allcargo Logistics’ board has approved the sale of 100% equity stake in Bantwal Warehousing, wholly owned subsidiary of the Company. The Company will enter in to agreement with the Buyer within 2 month. The company will receive Rs 1 .69 crore from the Buyer as a consideration for sale of Equity Shares. The Directors at their Board Meeting held on March 15, 2021 has approved the same.

Allcargo Logistics is an India-based holding Company. The company is engaged in providing integrated logistics solutions. It offers logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations etc.