Allcargo Logistics: Promoter Trust Seeks SEBI Exemption for Share Acquisition

Shashi Kiran Shetty Family Trust has informed the exchange about an amendment to its trust deed, seeking and receiving exemption from SEBI under Regulation 11(5) of the SAST Regulations. This exemption pertains to the proposed direct acquisition of up to 51,54,24,268 equity shares, representing 34.41% of Allcargo Logistics Limited. The transaction is described as an internal re-organization for family succession planning and will not alter the ultimate beneficial ownership, economic interest, or control of the company. The aggregate shareholding of the promoter group remains unchanged. The exemption specifically covers open-offer requirements.