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Allcargo Logistics Ltd. has, in FY20, entered into an agreement with Blackstone real estate Asia urban to transfer 90% stake in its portfolio of five million square feet (executed arrangement with six subsidiaries till date) on completed and leased basis, along with additional greenfield development projects.
Investment made by Blackstone thus far is Rs 3.37 billion (same as FY20, with ~ Rs 89.3 million as equity).
In FY21 Allcargo Logistics has received Rs 605 million from Madanhatti Logistics and Industrial Park, Venktpura Logistics and Industrial Parks and Allcargo Logistics and Industrial Park towards release of its previous held equity interests.
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