09-Jul-2026 23:41:31
ALLCARGO GLOBAL LIMITED : STEP-DOWN SUBSIDIARY COMPTECH SOLUTIONS PRIVATE LIMITED SOLD
• Equity shares of Comptech Solutions Private Limited (CSPL), a step-down subsidiary, have been sold to Transindia Real Estate Limited (a Promotor Group Company). • Transaction is effective from July 09, 2026, and CSPL ceases to be a step-down subsidiary. • The transaction involves the sale of equity shares of CSPL, a step-down subsidiary of Allcargo Global Limited. • Consideration received from the sale is approximately ₹24 crore. • Comptech Logistics Solutions Private Limited is the holding company of CSPL. • Allcargo Global Limited obtained an independent valuation report, and the transaction will be undertaken on an arm's length basis. • The related party relationship arises mainly due to common promoter control. Impact: Neutral (Divestment of a step-down subsidiary; financial impact not immediately clear)
Allcargo Global Ltd
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