Acquisitions29 Jan 2026, 08:22 am
ACACIA Banyan Partners Acquires 3.62% Stake in Allcargo Logistics Ltd
AI Summary
ACACIA Banyan Partners, along with ACACIA INSTITUTIONAL PARTNERS LP, ACACIA Il PARTNERS LP, ACACIA CONSERVATION FUND LP, and ACACIA PARTNERS LP, have acquired a 3.62% stake in Allcargo Logistics Ltd. This acquisition was made through shares carrying voting rights, and the total number of shares acquired amounts to 54189500. The shares were acquired on the open market. This acquisition is subject to the Substantial Acquisition of Shares and Take over Regulations, 2011 of Securities & Exchange Board of India.
Key Highlights
- ACACIA Banyan Partners acquires 3.62% stake in Allcargo Logistics Ltd
- Total of 54189500 shares carrying voting rights acquired
- Shares acquired through open market
- Acquisition subject to Substantial Acquisition of Shares and Take over Regulations, 2011 of Securities & Exchange Board of India
- Allcargo Logistics Ltd share price fluctuated by 3.68% after the acquisition