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Allcargo Logistics zooms 20%, hits 52-week high as Board to mull delisting

The Board will meet on August 27 to consider the delisting proposal

Shashi Kiran Shetty and TEPL expressed their intention to, either individually or collectively acquire all the fully paid-up equity shares of the Company
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Shashi Kiran Shetty and TEPL expressed their intention to, either individually or collectively acquire all the fully paid-up equity shares of the Company

SI Reporter New Delhi
Shares of Allcargo Logistics were locked in the 20 per cent upper circuit band at Rs 130.8 per share -- also its 52-week high -- on the BSE on Tuesday after the company said its promoters Shashi Kiran Shetty and Talentos Entertainment Pvt Ltd intend to voluntarily delist the company. A combined 0.72 million shares had changed hands on the counter on the NSE and BSE till the time of writing of this report.

"In the Delisting Proposal Letter, Shashi Kiran Shetty and TEPL expressed their intention to, either individually/ collectively or together with other members of the Promoter Group, as