Allcargo Logistics not to consider de-merger of NVOCC Business

Based on the recommendation of the Committee of Directors appointed by the Board of Directors of Allcargo Logistics Ltd to advise on de-merger of the NVOCC Business of the Company, the Board of Directors have decided not to consider the proposal relating to de-merger of the NVOCC Business of the Company at present and the same will be reconsidered, if required, at appropriate time.

The Allcargo Logistics Ltd stock was trading at Rs.136.50, up by Rs.2.35 or 1.75%. The stock hit an intraday high of Rs.138.95 and low of Rs.133.05.

The total traded quantity was 4860 compared to 2 week average of 1588.

Source : Equity Bulls

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