Allcargo Logistics has entered into a Securities Purchase Agreement (SPA) on February 21, 2023, with BRE Asia Urban Holdings to acquire 5,40,000 equity shares (representing 90% of the equity share capital) and 1,07,78,147 Class A Optionally Convertible Debentures (Class A OCDs) of Madanahatti Logistics and Industrial Parks.
The said acquisition of the Madanahatti Logistics and Industrial Parks aligns with the real estate business being demerged into TransIndia Realty & Logistics Parks and is a strategic fit with future plans.
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.
