Allcargo Logistics Limited (BSE:532749) agreed to acquire container freight station business undertaking from Transindia Logistic Park Private Limited for INR 630 million on February 13, 2016. A definitive agreement will be executed on or before March 31, 2017. The deal is subject to determination of valuation by an independent valuer and receipt of necessary statutory and regulatory approvals. As of February 13, 2016, the deal has been approved by the Board of Directors of Allcargo Logistics. As of August 11, 2016, the deal has been approved by SEBI. The deal is expected to close within 270 days from execution of definitive agreement. Allcargo Logistics Limited (BSE:532749) completed acquisition of container freight station business undertaking from Transindia Logistic Park Private Limited for approximately INR 810 million on January 1, 2017.