Rohini Nilekani’s Small Cap Portfolio bought 8.13 lakh shares, or a
0.62% stake, in the Hyderabad-based logistics company at Rs 105.21 apiece,
according to the block deal data on X.
Earlier, on July 2, the company announced that it has raised Rs 169.28
crore through qualified institutional placement. The fresh capital was secured after the fund-raising committee of the
company’s board approved the issue and allotment to qualified institutional
buyers.
In the June quarter, the standalone net profit of parent company
Allcargo Logistics Ltd. had plunged 97% to Rs 3.36 crore. However, its income
from operations for the quarter under review rose 46% to Rs 526.47 crore from
Rs 360.26 crore, according to an exchange filing.