Allcargo Logistics has executed Business Transfer agreement with J M Baxi Heavy for sale of project Logistics Business division of the Company, as a going concern on a slump sale basis. The consideration mentioned in Business Transfer agreement is Rs 98.64 crore.
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.