Allcargo Logistics fragment tag locked in 20% higher circuit on delisting proposal

Final Up to date : Aug 25, 2020 02: 23 PM IST | Offer: Moneycontrol.com

The promoter community, including Shashi Kiran Shetty and Talentos Leisure, procure intimated the corporate of their plans of delisting, the corporate acknowledged.

Consultant portray

Allcargo Logistics fragment tag used to be locked in 20 p.c higher circuit on August 25 morning after the corporate’s promoters proposed to delist the corporate’s shares from the inventory exchanges.

The fragment tag touched a 52-week excessive of Rs 130.80.

The corporate in its release acknowledged that its promoter community, including Shashi Kiran Shetty and Talentos Leisure, procure intimated the corporate of their plans to delist it.

Within the delisting proposal letter, the promoters expressed their plot to, either for my piece/ collectively or on the side of diverse people of the Promoter Neighborhood, produce the total fully paid-up equity shares of the corporate held by the final public shareholders of the corporate and voluntarily delist the equity shares of the corporate from BSE Shrimp and National Inventory Trade of India.

Promoter Neighborhood collectively holds 17,20,22,209 equity shares aggregating to 70.01% of the paid-up equity fragment capital of the corporate.

The public shareholders abet 7,36,73,315 eEquity shares aggregating to 29.99% of the paid-up equity fragment capital of the corporate.

At 14: 18 hrs Allcargo Logistics used to be quoting at Rs 130.80, up Rs 21.80, or 20 p.c on the BSE.

There had been pending purchase orders of 60,887 shares, and not utilizing a sellers accessible.

First Published on Aug 25, 2020 09: 42 am

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