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 Mumbai-based company plans to evaluate 4-5 start-ups for each problem statement and select one for each to onboard 6-8 start-ups in the first cohort.