Allcargo Global Limited Sells Comptech Solutions Subsidiary in Divestment Deal
Allcargo Global Limited has completed the sale of equity shares of its step-down subsidiary, Comptech Solutions Private Limited (CSPL), concluding a major divestment. The shares were sold to Transindia Real Estate Limited, identified as a Promoter Group Company, effective July 09, 2026, leading CSPL to cease being a subsidiary of Allcargo Global Limited.
The transaction was agreed upon on July 01, 2026, with an expected completion date set for July 30, 2026. The consideration received from the sale amounts to approximately ₹24 cr. This payment relates to Contech Logistics Solutions Private Limited, which is the holding company of Comptech Solutions Private Limited.
The transaction falls under Related Party Transaction(s) due to the buyer belonging to the Promoter Group and having a common promoter control relationship with Allcargo Global Limited. To ensure market standards were met, the company confirmed that an independent valuation report was obtained and the sale would be conducted on an arm's length basis.
Financial details concerning CSPL, as of March 31, 2026, reflect the operational scale of the unit involved in the transaction.
| Metric | Value (As of March 31, 2026) |
|---|---|
| Revenue | INR 2.85 Crores |
| Net Worth | INR 14.42 Crores |
AGL Stock Price Movement
On Thursday, Allcargo Global Limited shares slipped by 4.96% to settle at ₹17.04, marking a significant decline for the Transport Services provider. The drop saw the stock plummet to its 52-week low, which was reached amid trading volume of 49,444 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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