NSE:AGL

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Allcargo Global Acquires 25% Stake in Group Services Firm; Shares Plummet 4%

Allcargo Global (NSE:AGL, BOM:544602) has acquired a 25% stake in promoter group entity Allcargo Group Services for 353,480 rupees, making the company an associate.The acquisition involved the purchase of two equity shares, according to an Indian bourse filing on Thursday. The investment is aimed at centralizing shared services across the group's businesses.Shares of the company fell 4% in recent trade.

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