India's Allcargo Logistics surges 20% on promoters' go-private plan

Allcargo Logistics

25/08/2020 07:19

** Shares of logistics firm  ACLL.NS  climb 20% to 130.6
rupees, their highest since Aug. 3, 2018
    ** Promoters Shashi Kiran Shetty and Talentos Entertainment
Pvt Ltd, which hold 70% stake in ACLL, have proposed to buy the
remaining stake from public shareholders, co said https://www.bseindia.com/xml-data/corpfiling/AttachLive/9bf60829-9be9-4e37-b6c2-234cc3203040.pdf
 late Monday
    ** Board to consider the proposal on Aug. 27
    ** ACLL marks its sharpest intraday jump on record, heads
for a fourth straight session of gains
    ** Around 2.7 mln shares change hands by 0602 GMT, vs 30-day
avg of 203,084 shares
    ** Stock up 12% this year up to last close, vs a 6% dip in
the benchmark NSE Nifty 50 index  .NSEI 

 (Reporting by Chris Thomas in Bengaluru)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))