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The restructuring started with selling its non-core assets, progressed to giving exits to its partners and acquiring their stakes in business and has culminated with this demerger. The Allcargo Group will now have four listed entities Allcargo ECU, Allcargo Logistics (that will include the express business after it acquired Gati) apart from Allcargo Terminals and Transindia Real Estate, in each of which its promoters own 70%.

Allcargo, ECU Worldwide bring 6,000 oxygen cylinders from China on Delhi govt's request SECTIONS Allcargo, ECU Worldwide bring 6,000 oxygen cylinders from China on Delhi govt's requestET Bureau Last Updated: May 28, 2021, 03:51 PM IST Share Synopsis The oxygen cylinders were transported in eight chartered flights from Shanghai, with Allcargo and ECU Worldwide responsible for arranging flights at origin in a period of high demand at short notice, landing rights permissions from the Chinese Civil Aviation Ministry in coordination with the Indian Embassy in Beijing, clearance at origin and desti...

Allcargo Logistics on Wednesday announced appointment of V S Parthasarathy and a Swiss national, Martin Mueller as independent directors on its board. Parthasarathy was till recently Group CFO and CIO of Mahindra & Mahindra while Mueller is a former partner at global consulting giant McKinsey. Mueller and Parthasarathy have also joined the board of Allcargo's wholly-owned subsidiary ECU Worldwide, the company said in a statement. ECU Worldwide is a Belgian multinational, operating Allcargo Group's global operations with presence in over 160 markets and is the world's largest less-than-carg...