Allcargo Logistics had set January 2 as the record date to determine the shareholders eligibility for allotment of bonus shares in the proportion of 3:1 i.e. 3 new equity shares of face value of Rs 2 per share for every one existing equity share.
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.
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.