“We should see the resulting entities listed on exchanges in a couple of months, subject to necessary formalities,” Chief Strategy Officer of Allcargo Logistics, Ravi Jakhar, told Moneycontrol.
The deal includes purchasing 1.3 lakh shares (26 percent) from KWE-Kintetsu World Express (S) and 20,000 shares (4 percent) from KWE Kintetsu Express, Allcargo Logistics added.