Home / India News / Allcargo Logistics signs SPA to acquire majority stake in Madanahatti Logistics and Industrial Parks

Allcargo Logistics signs SPA to acquire majority stake in Madanahatti Logistics and Industrial Parks

Image
Capital Market
Last Updated : Feb 22 2023 | 2:50 PM IST
LinkedIN IconFacebook Icon
Allcargo Logistics has entered into a Securities Purchase Agreement (SPA) on 21 February 2023, with BRE Asia Urban Holdings (the Seller) to acquire: (a) 5,40,000 equity shares (representing 90% of the equity share capital), and (b) 1,07,78,147 Class A Optionally Convertible Debentures (Class A OCDs) of Madanahatti Logistics and Industrial Parks (the Target).

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

SAVE 25%
Subscribe for ₹2,700 / 1 Year
Connect with us on WhatsApp

More From This Section

SJVN announces appointment of nominee director

Rajesh Rai takes over as Chairman and MD of ITI

SBI Life Insurance Company allots 47,598 equity shares under ESOS

State Bank of India raises Rs 4544 cr via AT 1 Bonds

First Published: Feb 22 2023 | 2:24 PM IST

Explore News

Next Story