Allcargo Terminals to Raise Rs 38.28 Crore Through Preferential Warrant Issue to Promoters 2 days ago
Allcargo Terminals Limited (ATL) has approved the issuance of 1,32,00,000 fully convertible warrants to its promoters and promoter group, aiming to raise Rs 38.28 crore. The funds will support ATL's three-year expansion plans, including new Container Freight Station (CFS) and Inland Container Depot (ICD) facilities. ATL plans to increase its container handling capacity from 8.3 lakh TEUs to over 13 lakh TEUs annually. The expansion includes enhancing key facilities, developing new CFS and ICD, and upgrading existing infrastructure. The move aligns with ATL's vision to meet rising customer demand and support growth in India's evolving logistics sector.
Allcargo Terminals Reports 4.5% Drop in June CFS Volumes Amid Restructuring 6 days ago
Allcargo Terminals to Review Fundraising Options on July 15 8 days ago
AllCargo Terminals Reports Mixed Q4 FY23 Results: EBITDA Up, Net Loss Narrows May 14, 2025
Allcargo Terminals Reports 10% Drop in CFS Volumes for February 2025 Mar 19, 2025
More news about Allcargo Terminals
11Mar 25
Allcargo Terminals to Acquire 15% Stake in Speedy Multimodes Limited
Allcargo Terminals Limited (ATL) has signed a Share Purchase Agreement to acquire a 15% stake in Speedy Multimodes Limited (SML). ATL will acquire 40,80,000 equity shares from Mr. Ashish Chandana, ATL's current CEO, by issuing 63,64,800 equity shares at ₹42.40 per share. This strategic move aims to strengthen ATL's market position in the logistics industry and potentially enhance its operational capabilities.
10Mar 25
Allcargo Terminals Acquires 15% Stake in Speedy Multimodes Limited
Allcargo Terminals Limited (ATL) has signed a Share Purchase Agreement to acquire a 15% stake in Speedy Multimodes Limited (SML). ATL will acquire 40,80,000 equity shares from SML's CEO, Mr. Ashish Chandana, in exchange for 63,64,800 of its own equity shares valued at ₹42.40 per share. This strategic move aims to expand ATL's market presence, create potential synergies, and diversify its portfolio in the logistics sector.