Allcargo Terminals to raise Rs 38.28 cr through issuance of 1.32 cr fully convertible warrants

Multimodal logistics operator Allcargo Terminals Ltd (ATL) on Tuesday said it plans to raise Rs 38.28 crore through the issuance of up to 1.32 crore fully convertible warrants to the promoters/promoter group.
The proposed fundraise, which will kickstart ATL’s three-year expansion plans, will be utilised for building capacity and setting up new container freight stations (CFS) and inland container depots (ICDs), the company said.

Click here to read more…