Texmaco Infra Gains 4% on Block Deal; Allcargo Terminals Jumps on August Volumes

Texmaco Infrastructure & Holdings and Allcargo Terminals were among the stocks drawing attention in early trade on September 23, while Persistent Systems, IRB Infrastructure Developers and 360 ONE WAM moved on separate company updates. 

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Texmaco Infrastructure rose 4% after a large transaction went through the block deal window. Around 1.28 crore shares changed hands at ₹115 each, taking the value of the deal to roughly ₹147 crore. Moneycontrol did not identify the buyers or sellers involved in the transaction. 

Allcargo Terminals gained 5% after reporting stronger container traffic for August. Total volumes stood at 65,600 TEUs, up 6% from the same month last year and 5% from July. 

Persistent Systems moved in the other direction, falling 1.5%. The company has secured 75.68 lakh shares of Germany-based Nagarro SE through a voluntary public takeover offer, equivalent to about 61.15% of Nagarro’s outstanding share capital. 

Persistent had already bought about 22.10% as per the agreement with Lantano Beteiligungen GmbH. Including both, the shareholding of Persistent in Nagarro came to 83.25% without considering treasury stock as on September 17. 

IRB Infrastructure Developers gained about 2% as its board had approved in principle monetization of land holding which is non-core. 

The plan includes phase-wise development of 350 acres out of total 1,100 acres held by Aryan Infrastructure Investments at Taje and Pimpaloli in Pune district. Also, it includes redevelopment and rehabilitation of about 3,500 sq mtr land held by Ideal Road Builders at Chandivali, Mumbai. 

Shares of 360 ONE WAM rose close to 3% after the board approved the appointment of Aashish Agarwal as chief executive officer from February 15, 2027. 

Karan Bhagat will remain managing director under his existing tenure through July 26, 2030, and will also take on the role of vice chairman and managing director from February 15, 2027.