Announced Thu, 9 Jul · 23:45 IST
Allcargo Global sells step-down subsidiary Comptech to promoter group firm
Strategic Transactions View source PDF
AGL · price
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Price reaction · full curve 14 horizons · vs prior close
-9.7%1-day move
₹17.04
prior close
₹16.19
base price
After-mkt
timing
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+0.0+0.0+0.0+0.0-9.7-14.1-18.4-22.5-26.0-23.2————
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AI summary
Allcargo Global sold its step-down subsidiary Comptech Solutions (CSPL) to promoter group firm Transindia Real Estate for about Rs 24 crore. The deal is a related-party transaction, done at arm's length with an independent valuation. CSPL contributed Rs 2.85 crore revenue and Rs 14.42 crore net worth as of March 2026. Agreement signed July 1, 2026; expected completion July 30, 2026.
Likely market impact
Minor divestment to a promoter group firm; unlikely to materially impact financials given CSPL's small revenue contribution relative to the company.