Orange Mauritius Investments has bought stake of around 2% in Allcargo Logistics for Rs 61 crore though open market. The overseas investor has purchased 2.49 million shares representing 1.98% stake of the company at a price of Rs 244.97 per share.
Meanwhile, Shashi Kiran Shetty, the promoter of the company, has sold 3 million shares of the company at a price of Rs 245 per share.
Allcargo Logistics is a leading multinational company providing integrated logistics solutions. The organization offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions.