Allcargo Terminals to Invest ₹1.06 Cr in Associate AGSPL

Allcargo Terminals Limited announced its Board of Directors has approved the subscription to a Rights Issue of its Associate Company, Allcargo Group Services Private Limited (AGSPL). The company will subscribe to 60 equity shares of AGSPL at an issue price of ₹1,76,840 per share, totaling ₹1,06,10,400. This investment is in proportion to Allcargo Terminals' existing 25% equity stake in AGSPL and is intended to meet AGSPL's operational and working capital requirements. The transaction is conducted on an arm's length basis and does not constitute a Related Party Transaction.