Allcargo Global to tap cap mkt to mop-up Rs 300 Crs
Leading multimodal transport service provider, Allcargo Global Logistics announced on Friday that the board of directors today approved a fund raising programme up to Rs 3 billion through issue of equity shares and / or equity linked instrument / securities.
The company appointed CitiGroup, Collins, Stewart Inga and the investment banking arm of Kotak Mahindra Capital and as merchant bankers for this purpose.
Allcargo Global Logistics is a provider of multimodal transport solutions which includes operating CFS, handling project cargo, airfreight and road transportation logistics. The company covers over 4,000 destinations across the globe and has a pan-India presence, with 16 branches, nine franchisees and regional offices in Mumbai, Delhi, Chennai and Kolkata.
Shares of the company gained Rs 62.65, or 6.67%, to trade at Rs 1,001.55. The total volume of shares traded was 27,657 at the BSE. (2.05 pm, Friday)
