Brief: Allcargo Logistics- Blackstone Group Via BRE Asia Urban Holdings To Invest Upto 3.80 Bln Rupees in Co's Units

Allcargo Logistics

13/01/2020 09:48

Jan 13 (Reuters) - Allcargo Logistics Ltd  ACLL.NS :
    * ALLCARGO LOGISTICS LTD - BOARD APPROVED EXECUTION OF
DEFINITIVE
TRANSACTION DOCUMENTS WITH BRE ASIA URBAN HOLDINGS LTD
    * ALLCARGO LOGISTICS - BLACKSTONE WILL MAKE AN INVESTMENT IN
COMPANY'S SUBSIDIARIES THROUGH A COMBINATION OF EQUITY AND
DEBENTURES UPTO 3.80 BILLION RUPEES
    * ALLCARGO LOGISTICS -  TRANSACTION IS EXPECTED TO CONCLUDE
IN A
PHASE WISE MANNER OVER THE NEXT 12 MONTHS
    * COMPANY WILL CEASE TO HAVE SOLE CONTROL OVER CERTAIN
SUBSIDIARIES ENGAGED IN THE WAREHOUSING BUSINESS
    * ALLCARGO LOGISTICS -  POST CONCLUSION OF TRANSACTION CO
WILL
RETAIN A MINORITY STAKE IN WAREHOUSING SUBSIDIARIES

    

Further company coverage:  ACLL.NS 

 ((Reuters.Briefs@thomsonreuters.com;))