In furtherance of disclosure dated November 09, 2022 & March 27, 2023 and in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations'), Allcargo Logistics has informed that, the Company has completed the acquisition of aggregate 1,50,000 Equity Shares (i.e., 30% stake) of Gati-Kintetsu Express ('GKEPL') comprising of 1,30,000 Equity Shares (i.e., 26% stake) in GKEPL from KWE-Kintetsu World Express (S) and 20,000 Equity shares (i.e., 4% stake) in GKEPL from KWE Kintetsu Express (India) for an aggregate consideration of Rs 406,70,50,000. Details as required under Regulation 30 of the Listing Regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, with respect aforementioned acquisition of equity shares by the Company were already disclosed along with outcome of the Board Meeting held on November 09, 2022.
The above information is a part of company’s filings submitted to BSE.