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Allcargo Logistics Limited is a logistics company situated in Mumbai, India. It is well-known for providing multi-modal integrated logistics and transportation services around the world.
Shares of Allcargo Logistics Ltd. and Allcargo Gati Ltd. rose on Friday after the board approved plans to demerge its supply chain unit and restructure the logistics business, in addition to plans to raise up to Rs 500 crore. The board of Allcargo Gati and Allcargo Logistics approved the scheme for demerger of its international supply chain into a separate entity called Allcargo ECU Ltd., an exchange filing said on Thursday.
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.
/PRNewswire/ -- The warehousing and storage market size is expected to grow by USD 476.06 billion from 2023 to 2028. However, the growth momentum of the market...
Gati stock closed 3.12% higher at Rs 137.05 on BSE. Market cap of Gati stood at Rs 1,784 creore.