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Shares of Allcargo Logistics Ltd. and Allcargo Gati Ltd. rose on Friday after the board approved plans to demerge its supply chain unit and restructure the logistics business, in addition to plans to raise up to Rs 500 crore.
The board of Allcargo Gati and Allcargo Logistics approved the scheme for demerger of its international supply chain into a separate entity called Allcargo ECU Ltd., an exchange filing said on Thursday.
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