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Allcargo Logistics jumps on plan to raise up to Rs 300 crore via NCDs

29 Mar 2016 Evaluate

Allcargo Logistics is currently trading at Rs. 153.65, up by 0.55 points or 0.36% from its previous closing of Rs. 153.10 on the BSE.

The scrip opened at Rs. 154.95 and has touched a high and low of Rs. 155.45 and Rs. 152.70 respectively. So far 3327 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 217.90 on 30-Dec-2015 and a 52 week low of Rs. 128.08 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 159.00 and Rs. 151.00 respectively. The current market cap of the company is Rs. 3892.35 crore.

The promoters holding in the company stood at 69.92% while Institutions and Non-Institutions held 13.96% and 16.11% respectively.

Allcargo Logistics is eyeing to raise up to Rs 300 crore by issuing Secured Non-Convertible Redeemable Debentures (NCDs) on a private placement basis. The company will be seeking shareholders' approval in this regards. The company’s resource raising committee at its meeting held on March 28, 2016 has considered and approved for the same.

Allcargo Logistics provides various services such as inbound & outbound consolidation, multi-city consolidation, FCL forwarding airfreight forwarding activities project cargo handling and transportation and CFS operations.

 

Allcargo Logistics Share Price

9.58 -0.07 (-0.73%)
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