Allcargo Global (AGL), an independent entity demerged from Allcargo Logistics, commenced trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Friday under the ticker symbol ‘AGL’ following its demerger from Allcargo Logistics, completing the group’s restructuring into four independently listed businesses.
According to the official press release, the newly listed company will house the group’s international supply chain business, while Allcargo Logistics will continue to focus on domestic supply chain logistics. The group also operates Allcargo Terminals and TransIndia Real Estate as separate listed entities.
The demerger was carried out under a scheme of arrangement approved by the National Company Law Tribunal (NCLT), with Allcargo Logistics shareholders receiving one equity share of Allcargo Global for every one share held in the parent company.
“Four decades ago, we began this journey with a single vision — to connect Indian trade with the world. Today, that vision stands realised in four independent, technology-driven businesses, each free to chart its own course and create its own value,” said Shashi Kiran Shetty, Founder and Chairman, Allcargo Group.
Adarsh Hegde, Managing Director, Allcargo Global, said the independent listing would provide greater flexibility to pursue growth opportunities for the company’s international supply chain business.
Allcargo Global’s international logistics business operates through its wholly owned subsidiary ECU Worldwide, which provides less-than-container load consolidation, multimodal transport and other supply chain services across global markets.
