 "ABG Infralogistics rallies on acquisition of PSA's stake in ABG Kolkata Container")
ABG Infralogistics is locked in upper circuit for fourth straight day, up 5% at Rs 179 on BSE, after the company said it has bought out the 49% equity stake held by its foreign partner PSA in ABG Kolkata Container Terminal Private Limited.
“The company has purchased the 49% shareholding held by PSA India Pte Limited in ABG Kolkata Container Terminal Private Limited on January 08, 2015. Post share purchase, ABG Kolkata Container Terminal Private Limited is a wholly owned subsidiary of ABG Infralogistics Limited,” the company said in a BSE filing.
The stock is currently trading at its 52-week high and rallied 22% in past four trading sessions from Rs 147 on January 6, 2015.
Till 0929 hours, around 2,700 shares changed hands and there are pending buy orders for 13,338 shares on BSE.
“The company has purchased the 49% shareholding held by PSA India Pte Limited in ABG Kolkata Container Terminal Private Limited on January 08, 2015. Post share purchase, ABG Kolkata Container Terminal Private Limited is a wholly owned subsidiary of ABG Infralogistics Limited,” the company said in a BSE filing.
The stock is currently trading at its 52-week high and rallied 22% in past four trading sessions from Rs 147 on January 6, 2015.
Till 0929 hours, around 2,700 shares changed hands and there are pending buy orders for 13,338 shares on BSE.
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