Allcargo Logistics Locked In 20% Upper Circuit On Delisting Proposal From Promoters

Share of Allcargo Logistics were locked in a 20 per cent upper circuit at Rs 130.8 after the promoters of the company led by Shashi Kiran Shetty and Talentos Entertainment Private Limited (TEPL) informed exchanges on Monday about their intention to delist equity shares from the exchanges. "The promoters intended to acquire all the fully paid-up equity shares of the company, each equity share having a face value of Rs 2 per equity sha...