Allcargo Logistics rallies 10% after block deal

Around 15% of total equity of Allcargo Logistics changed hands via block deal on BSE.

Allcargo Logistics rallied 10% to Rs 198.30 on BSE after nearly 15% of total equity of the company exchanged hands via block deal on the counter.

At 09:30 am; around 36.91 million equity shares representing 15.02% of total equity of Allcargo Logistics have changed hands on the counter, the BSE data shows.

The name of the buyers and sellers were not ascertained immediately.

As of March 31, 2017, Blackstone Gpv Capital Partners Mauritius V-A Ltd was held 10.89 million or 4.44% stake in logistics firm.

Acacia Partners, LP, Acacia Institutional Partners, LP, Acacia Conservation Fund LP,