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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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Allcargo Group re-designates Shashi Kiran Shetty as Executive Chairman, announces key appointments

As part of this exercise, which comes after the demerger, Adarsh Hegde is now promoted to the position of Managing Director. ....

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Allcargo to launch start-up accelerator to tap into innovations in logistics

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. ....

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