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Allcargo Logistics inches up on planning to raise Rs 195 crore via NCDs

Allcargo Logistics is currently trading at Rs. 94.60, up by 0.15 points or 0.16% from its previous closing of Rs. 94.45 on the BSE.

The scrip opened at Rs. 95.30 and has touched a high and low of Rs. 96.10 and Rs. 94.35 respectively. So far 7215 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 126.00 on 14-Mar-2019 and a 52 week low of Rs. 87.35 on 04-Sep-2019.

Last one week high and low of the scrip stood at Rs. 97.55 and Rs. 92.70 respectively. The current market cap of the company is Rs. 2331.65 crore.

The promoters holding in the company stood at 70.01%, while Institutions and Non-Institutions held 16.02% and 13.96% respectively.

Allcargo Logistics is planning for issuance Of Secured/ Unsecured Non-Convertible Debentures (NCDs) on private placement basis up to Rs 195 crore. The meeting of the Board of Directors of the company is scheduled to be held on November 27, 2019, to consider the same.

Allcargo Logistics is an India-based holding Company. The company is engaged in providing integrated logistics solutions. It offers logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations etc.

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