Allcargo Terminals Limited — QIP/Rights/Pref., 17-01-2025: Issue of Securities

Allcargo Terminals Limited's Board has approved a preferential issue of 63,64,800 equity shares at an issue price of ₹42.4 per share to Mr. Ashish Chandna, CEO, as consideration for acquiring a 15% stake in Speedy Multimodes Limited (SML). This acquisition will transform SML into a wholly owned subsidiary, enhancing operational efficiencies. Upon completion, expected within 15 days post-regulatory approvals, Allcargo will hold a 100% stake in SML. The acquisition aligns with Allcargo's strategy to optimize operations within the logistics sector.