Allcargo Terminals Limited — Important, 10-03-2025: General Updates

Allcargo Terminals Limited has executed a Share Purchase Agreement to acquire 40,80,000 equity shares (15%) of Speedy Multimodes Limited from its CEO, Mr. Ashish Chandana. In exchange, Allcargo will issue 63,64,800 equity shares at an issue price of Rs 42.4 per share, with a face value of Rs 2 each. This strategic move could enhance Allcargo's stake in the logistics sector, potentially offering new growth avenues. Investors should observe how this acquisition aligns with the company’s growth strategy and market positioning.