Investment24 Sept 2026, 09:59 pm
Allcargo Terminals Invests ₹1.06 Cr in Associate AGSPL
AI Summary
Allcargo Terminals Limited's Board of Directors has approved a subscription of ₹1,06,10,400 to the Rights Issue of its associate company, Allcargo Group Services Private Limited (AGSPL). The investment involves subscribing to 60 equity shares at an issue price of ₹1,76,840 per share. This subscription is in proportion to Allcargo Terminals' existing 25% equity stake in AGSPL and is intended to support AGSPL's operational and working capital requirements. The transaction is conducted on an arm's length basis.
Key Highlights
- Allcargo Terminals to invest ₹1.06 Cr in associate AGSPL.
- Investment is for 60 equity shares at ₹1,76,840 per share.
- Subscription is proportional to existing 25% stake in AGSPL.
- Funds will support AGSPL's operational and working capital needs.
- Transaction is on an arm's length basis.
Price Impact
More from ATL