Allcargo Global up on stake sale

MUMBAI: Shares of Allcargo Global soared Wednesday on reports that the company will raise Rs 240 crore by selling stake to private equity firm Blackstone. At 10:43am, shares of Allcargo Global were 7.33 per cent higher at Rs 767. It touched a high of Rs 780 and low of Rs 735.40 in trade. Volume stood at 17,944 shares against two-week average of Rs 28,342 shares. The stock has gained over 14.79 per cent in the past one week.