Shareholding9 Jul 2026, 10:28 am
Allcargo Global Ltd: Shashi Shetty Acquires 63.28% Stake
AI Summary
Allcargo Global Ltd has announced a significant shareholding change following a Composite Scheme of Arrangement. Shashi Kiran Shetty and associated persons have acquired 62,19,51,585 equity shares, representing 63.28% of the total share capital. This acquisition is a result of the demerger scheme approved by the National Company Law Tribunal and subsequent listing of shares on BSE and NSE effective July 3, 2026. The filing is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Shashi Kiran Shetty and PACs acquired 63.28% stake in Allcargo Global.
- Acquisition is pursuant to a Composite Scheme of Arrangement.
- Shares were allotted and listed on BSE/NSE from July 3, 2026.
- Disclosure made under SEBI Takeover Regulations.
- Acquirer belongs to the Promoter/Promoter group.
Price Impact
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