Allcargo Logistics CFO Resignation - Angel Broking

Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd

All Cargo Logistics Ltd's Group Chief Financial Officer and Key Managerial Personnel of the Company Mr Sheetal Gulati resign from 18th September 2020. As per the intimation provided to exchange no reason has been given for the resignation. This comes after the board approved the delisting proposal and set floor price at ₹92.58, which is a 23% discount to its current price of ₹120.50. This is another negative development for the shareholders of the company.

Shares of ALLCARGO LOGISTICS LTD. was last trading in BSE at Rs.118 as compared to the previous close of Rs. 119.45. The total number of shares traded during the day was 11900 in over 337 trades.

The stock hit an intraday high of Rs. 120.8 and intraday low of 116.4. The net turnover during the day was Rs. 1418128.

Source : Equity Bulls

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