Allcargo’s strong Q4 show, robust prospects may raise delisting cost

Allcargo’s strong Q4 show, robust prospects may raise delisting cost

by

According to the delisting laws, the company has one year or till September to submit the final application to the stock exchanges.

Synopsis

Allcargo had passed a special resolution last October to delist the company where the promoter group holds 70% stake. The delisting floor price was set at Rs 92.6.

ET INTELLIGENCE GROUP: Analysts have upgraded price targets for Allcargo Logistics by over 30% from the current stock price of Rs 153.8 following the company’s stellar March 2021 quarter performance and focus on reducing debt by selling non-core businesses. While this presents a buying opportunity for investors, it may in fact make the promoter group’s delisting plan more expensive.

Allcargo had passed a special resolution last October to

BY

ET Bureau

3 mins read, Last Updated:

  • GIFT ARTICLE
  • FONT SIZE

    AbcSmall

    AbcMedium

    AbcLarge

  • SAVE
  • PRINT
  • COMMENT

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Already a Member?

Special Offer on ET Prime

Subscribe to ET Prime – Get Flat 20% Off

View Plans

ET Prime Summer SALE

Subscribe to ET Prime – Get Flat 30% Off

View Plans

ET Prime Summer SALE

Subscribe to ET Prime – Get Flat 30% Off

View Plans

Why ?

  • 42031747

    Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • 42031747

    Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • 42031747

    Clean experience with
    Minimal Ads

  • 42031747

    Comment & Engage with ET Prime community

  • 42031747

    Exclusive invites to Virtual Events with Industry Leaders

  • 42031747

    A trusted team of Journalists & Analysts who can best filter signal from noise



Source link

Leave a comment