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

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).

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