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Allcargo Terminals Limited announced that its board approved a subscription to 60 equity shares of Allcargo Group Services Private Limited, an associate company, at a price of Rs 1,76,840 per share, totaling Rs 1,06,10,400. The subscription, intended to be made in proportion to Allcargo Terminals Limited’s existing 25% equity stake in Allcargo Group Services Private Limited, will help the latter meet operational and working capital requirements.
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