India's Allcargo Logistics falls on discounted delisting floor price

Allcargo Logistics

07/09/2020 05:34

** Logistics solutions provider's shares  ACLL.NS  fall as
much as 4.2% to 114.10 rupees
    ** Co said on Saturday its board approved a delisting
proposal from a group of promoters that set the floor price of
the offer at 92.58 rupees/share
    ** Floor price represents a discount of 22.2% to Friday's
close of 119.05 rupees 
    ** ACLL shares up 22.2% this year, as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))