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Allcargo Logistics surges on getting nod for Scheme of Arrangement

12 Dec 2013 Evaluate

Allcargo Logistics is currently trading at Rs. 108.40, up by 1.40 points or 1.31% from its previous closing of Rs. 107.00 on the BSE.

The scrip opened at Rs. 107.00 and has touched a high and low of Rs. 108.40 and Rs. 107.00 respectively. So far 151 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 151.75 on 22-Feb-2013 and a 52 week low of Rs. 60.00 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 111.00 and Rs. 104.00 respectively. The current market cap of the company is Rs. 1370.41 crore.

The promoters holding in the company stood at 72.09 % while Institutions and Non-Institutions held 11.97 % and 15.94 % respectively.

Allcargo Logistics has received approval from Bombay High Court on December 06, 2013, for the Scheme of Arrangement between Allcargo Logistics and MHTC Logistics, a wholly owned subsidiary and their respective Shareholders and Creditors for amalgamation of the Transferor Company with the Transferee Company with effect from April 01, 2012 pursuant to provisions of Sections 391 to 394, read with sections 78, 100 to 103 & other applicable provisions of the Companies Act, 1956.

Allcargo Logistics was promoted by Shashi Kiran Shetty and incorporated on August 18 1993 as a private limited company under the name of All Cargo Movers (India). A fresh certificate of incorporation was obtained on June 25, 2004 subsequent to the change of name to Allcargo Movers (India). The name of the Company was changed to Allcargo Global Logistics with effect from December 8, 2005. Subsequently the Company was converted into a public limited company.

Allcargo Logistics Share Price

9.58 -0.07 (-0.73%)
17-Apr-2026 16:59 View Price Chart
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