Gati Express News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ravi Jakhar says: “Until the Red Sea disruptions get diffused, we will have to route the sailings via Cape of Good Hope, which means additional transit time, somewhat additional costs, and there would also be a bit of an increase in the war risks surcharges as the insurance costs go up. So, there will be a bit of a cost escalation. But from a volume standpoint, we do not see much impact.”

Shareholders of Allcargo will get 1:1 shares in the demerged Allcargo ECU Limited and continue to hold their shares in Allcargo Logistics, which will now be the resulting entity holding Express and Contract Logistics business directly.

Allcargo Gati Ltd. has approved plans to raise up to Rs 500 crore through various means and announced major restructuring that would demerge its global supply chain unit and logistics business. The board approved the fundraise proposal to meet capex and working capital requirements, according to an exchange filing on Thursday. The plan is subject to shareholder and regulatory approvals.

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 Gati, Indian express distribution and supply chain solution provider, has appointed Sandeep Kulkarni as chief operating officer.