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Allcargo To Fundraise Up To Rs 500 Crore, Demerge Global Supply Chain Unit

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.

allcargo logistics demerger announcement: ET Exclusive: Allcargo Logistics announces demerger of ECU Worldwide into separate listed entity

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 Supply Chain unveils state-of-the art chemical warehouse at Uran, Navi Mumbai

Allcargo Supply Chain unveils state-of-the art chemical warehouse at Uran, Navi Mumbai
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Logistics And Support Partners Gear Up For India s Ecommerce Extravaganza During Festive Season - BW Businessworld

One of the biggest challenges during the festive season is the overwhelming demand for goods and services. E-commerce platforms are preparing for the influx of orders, and logistics partners are scaling up their infrastructure to match the pace. Businessworld spoke to a few logistics and support providers to know how they are keeping pace with the season, , festive season, festival shopping, ecommerce, logistics

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