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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.

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