New Vernon Private Equity sells 16 lakh shares of Allcargo Logistics

New Vernon Private Equity has sold 16 lakh shares of Allcargo Logistics through the open market route. The shares were sold on an average price of Rs 315.06 valuing the transaction to Rs 50.41 crore. On the other hand, Norges Bank on account of Government Pension Fund Global has bought 15.90 lakh shares in the company for an average price of Rs 315, through open market route valuing the transaction at Rs 50.09 crore.

Allcargo Logistics is an integrated logistics service provider and broadly operates in three segments - Multimodal Transport Operations (MTO), Container Freight Stations (CFS)/Inland Container Depot (ICD) and Project & Engineering solutions (P&E).