Allcargo Logistics completes buybacks of Rs 124 crore

Jan 17, 2017: Logistics solution provider, Allcargo Logistics has informed BSE that the company has completed buyback of 6,400,000 equity shares, representing upto 2.54 per cent of the total number of equity shares of the company, at a price of Rs 195 per equity share payable in cash for an aggregate amount of Rs 124,800,000, which represents 9.17 per cent of the fully paid up equity share capital and free reserves.

Allcargo Logistics, a part of the Avvashya Group, is one of the world’s leading LCL consolidators and India’s first and largest integrated logistics solutions provider, in the private sector.