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Allcargo Logistics to raise up to Rs 300 crore via NCDs

29 Mar 2016 Evaluate

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.

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