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ECU Worldwide is looking to assess fundraising opportunities as per the Allcargo Logistics dossier. The Mumbai-based parent company said that Allcargo Belgium NV – a wholly-owned subsidiary of the company has appointed Jefferies Financial as the investment banker to assess fundraising opportunities for private equity and investment. strategic in the activities of the international supply chain, which operates under the brand “ECU in the world”.

Allcargo said that “Jefferies’ appointment is in line with our strategic goals and digital growth ambitions on the back of ECU360 – our digital supply chain platform to provide global access with seamless integration to freight forwarders. to facilitate trade “.

“We continue to seek strategic and growth-oriented acquisitions that help us build a stronger digital ecosystem,” adds Allcargo.

Additionally, Allcargo said it has no indication of the valuation and that any figures mentioned by a third party are purely speculative.

At around 11:10 am, Allcargo was trading at Rs 261.35 per coin, up 0.3% on Sensex. The action hit an intraday high and low at Rs265.55 per coin and Rs259.25 per coin respectively.

The stock was near its 52 week high of Rs269.15 per coin on Sensex.

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