Allcargo Logistics is currently trading at Rs. 96.60, up by 1.45 points or 1.54% from its previous closing of Rs. 94.15 on the BSE.
The scrip opened at Rs. 97.00 and has touched a high and low of Rs. 98.00 and Rs. 94.15 respectively. So far 28694 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 126.00 on 14-Mar-2019 and a 52 week low of Rs. 87.35 on 04-Sep-2019.
Last one week high and low of the scrip stood at Rs. 98.00 and Rs. 92.05 respectively. The current market cap of the company is Rs. 2351.31 crore.
The promoters holding in the company stood at 70.01%, while Institutions and Non-Institutions held 16.02% and 13.96% respectively.
Allcargo Logistics is going to acquire around 44 percent stake in Gati for nearly Rs 416 crore, marking its foray into the express logistics market. Under a three-phased deal, Allcargo will first buy over 1.03 crore shares and subscribe to a preferential issue of over 1.33 crore shares (collectively 18 percent shares) held by promoters and promoter group of Gati, including Mahendra Kumar Agarwal, Mahendra Investment Advisors and TCI Finance and also Gati, at Rs 75 a share.
In the second leg of the transaction, Allcargo will make an open offer to buy another 3.17 crore more shares, representing 26 percent of the paid-up voting equity share capital (post-preferential issue and vesting of stock options) from the retail shareholders of Gati at Rs 75 a share, taking the total deal value to around Rs 416 crore.
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.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 52.58 |
| TVS Supply Chain Sol | 178.55 |
| Container Corp | 790.00 |
| Mahindra Logistics | 388.50 |
| Transport Corp. | 1063.05 |
| View more.. | |
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