Allcargo Logistics’ board has approved the sale of 100% equity stake in Bantwal Warehousing, wholly owned subsidiary of the Company. The Company will enter in to agreement with the Buyer within 2 month. The company will receive Rs 1 .69 crore from the Buyer as a consideration for sale of Equity Shares. The Directors at their Board Meeting held on March 15, 2021 has approved the same.
Allcargo Logistics is an India-based holding Company. The company is engaged in providing integrated logistics solutions. It offers logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations etc.
