MoU30 Oct 2024, 10:39 pm
Allcargo Terminals to Acquire 7.60% Stake in Haryana Orbital Rail Corporation Limited for Business Expansion
AI Summary
Allcargo Terminals Ltd, a listed entity, has executed a Share Purchase Agreement with Allcargo Logistics Limited, a promoter group company, for the acquisition of 9,12,00,000 Equity Shares (7.60%) of Haryana Orbital Rail Corporation Limited. The acquisition is aimed at furthering the business interests of Allcargo Terminals in Haryana Orbital Rail Corporation Limited. The transaction is at arm's length and has been approved by the shareholders.
Key Highlights
- Allcargo Terminals to acquire 7.60% stake in Haryana Orbital Rail Corporation Limited
- Transaction is at arm's length
- Shareholders have approved the transaction
- Acquisition aims to further business interests in Haryana Orbital Rail Corporation Limited
- Allcargo Logistics Limited is a promoter group company of Allcargo Terminals