Allcargo Logistics clarifies on IPL team bid

Allcargo Logistics, India's largest end-to-end integrated logistics provider, has clarified that the Company has not participated in the IPL bidding process. The promoters' family office had evaluated the opportunity. Promoters' family office explores diverse assets and opportunities for investment in its personal interest and capacity.

Allcargo supports young and deserving sportspersons through Avashya Foundation such as Olympic Gold Quest, however does not have any business interest in sports. As a part of its mission, Avashya Foundation has been identifying talented and young golfers, as well as supporting badminton and other sportspersons so that they can achieve success both at the national and international level for the country. Since its inception, Avashya Foundation has been working towards inclusive people-centric community development with a mission of giving back to the society.

Shares of Allcargo Logistics Limited was last trading in BSE at Rs. 270.10 as compared to the previous close of Rs. 272.50. The total number of shares traded during the day was 124313 in over 2880 trades.

The stock hit an intraday high of Rs. 273.90 and intraday low of 256.95. The net turnover during the day was Rs. 32782586.00.

Source : Equity Bulls

Keywords

AllcargoLogistics INE418H01029 Transportation Logistics Clarification