Allcargo Logistics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 13, 2016, inter alia, has considered and approved the following: 1. With a view to consolidate the CFS business, the Company has decided to acquire the Container Freight Station Business Undertaking of Transindia Logistic Park Private Limited (a wholly owned subsidiary of the Company) on a slump sale basis subject to determination of valuation by an independent valuer and receipt of necessary statutory and regulatory approvals. 2. With a view to achieve significant presence in the Contract Logistics and E-Commerce Logistics business the Board of Directors of the Company approved in-principle acquisition of a controlling stake in CCI Integrated Logistics Private Limited ('CCI'). To integrate such activities of the Company it is further proposed to transfer the business of Freight Forwarding and Contract Logistics of the Company and that of Hindustan Cargo Limited, a wholly owned subsidiary of the Company, to CCI subject to determination of valuation by an independent valuer and receipt of necessary statutory, regulatory and Shareholders approvals.