The boards of Allcargo Logistics Ltd and Allcargo Gati Ltd have approved the composite scheme of arrangement for restructuring of businesses under Allcargo Ltd and Allcargo Gati Ltd (formerly Gati Ltd).
As per the scheme, the International Supply Chain (ISC) business will be demerged into a separate entity, Allcargo ECU Limited. This would include the India part of the International Supply Chain business along with the international subsidiaries held under the ECU Worldwide NV.
Express business and Contract Logistics business would come under the resulting entity Allcargo Logistics (post ISC demerger), which will benefit from combined synergies, and the shareholders of Allcargo and Allcargo Gati will get direct shareholding, eliminating …
Read the full article at: https://www.thehindubusinessline.com/economy/logistics/allcargo-logistics-and-allcargo-gati-approve-scheme-for-business-restructuring/article67664781.ece