2 hrs ago
Allcargo Logistics Invests ₹1.76 Lakh In Associate Company
Allcargo Logistics plans to put ₹1.76 lakh into a company it already partly owns.
It will buy 60 new shares in Allcargo Group Services Private Limited.
The shares are being issued through a rights offer.
Allcargo Logistics already owns 25% of the company.
Its overall ownership percentage is not expected to change.
The money will be paid in cash through banking channels.
The investment is intended to help group companies share profits and take part in governance.
It will also help divide corporate and shared-service costs among group companies.
The transaction is expected to finish by September 30, 2026.
Allcargo Logistics approved a ₹1,76,840 investment in associate Allcargo Group Services Private Limited.
The investment involves subscribing to 60 ₹10 equity shares through a rights issue.
Allcargo Logistics’ existing 25% shareholding will remain unchanged after the transaction.
Allcargo Group Services provides business support services and operates exclusively in India.
The cash transaction is expected to be completed by September 30, 2026, to support profit participation, governance and cost allocation.
- Who
- Allcargo Logistics Limited and its associate, Allcargo Group Services Private Limited.
- What
- Allcargo Logistics’ board approved a ₹1,76,840 investment for 60 equity shares issued on a rights basis.
- Where
- The target company operates solely in India; the announcement was made from Mumbai.
- When
- The approval was announced on Wednesday, and completion is expected on or before September 30, 2026.
- Why
- The investment is intended to support group-company participation in profits and governance and improve allocation of corporate and shared-service costs.
Key facts
- Investment amount
- ₹1,76,840
- Shares subscribed
- 60 equity shares
- Face value
- ₹10 per share
- Existing shareholding
- 25%, with no change expected
- Target company
- Allcargo Group Services Private Limited
- Business activity
- Business support services
- Expected completion
- On or before September 30, 2026
- Payment method
- Cash through banking channels
Sources
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