Allcargo Logistics Invests ₹1.76 Lakh in Associate
Allcargo Logistics Ltd announced its Board of Directors has approved an investment of ₹1,76,840 by subscribing to 60 equity shares of its associate company, Allcargo Group Services Private Limited, on a rights basis. The face value of each share is ₹10. This investment aims to enable group companies to participate in the associate's profits and contribute to its governance, aligning with their respective shareholdings. It also helps in allocating corporate and shared service costs among group entities. The associate company operates in Business Support Services, with a turnover of ₹18,00,000 for FY 2025-26. The transaction is considered at arm's length, with approvals from the Audit Committee obtained. The acquisition is expected to be completed by September 30, 2026.
Key Highlights
- Allcargo Logistics invests ₹1.76 Lakh in associate Allcargo Group Services.
- Investment made via rights issue subscription of 60 equity shares.
- Aims to share profits and allocate corporate costs within the group.
- Associate operates in Business Support Services with ₹18 Lakh FY26 turnover.
- Transaction is at arm's length; completion by Sept 30, 2026.
Price Impact
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