After successful demerger followed by separate listing of its Container Freight Stations/Inland Container Depots business and equipment rental, logistics parks and other real estate assets, Allcargo Logistics Limited announced yet another restructuring which shall pave the way for separation of its core international supply chain business followed by simplification of its group structure.
Allcargo Logistics Limited ("ALL" or "Demerged Company" or "Transferee Company 2") is directly, & indirectly through subsidiaries, engaged in the International Supply Chain Business as well as Express Logistics and Contract Logistics businesses. The equity shares of ALL are listed on nationwide bourses.
Allcargo Supply Chain Private Limited ("ASCPL" or "Transferor Company 1") is a wholly owned subsidiary of ALL engaged in the business of contract logistics and warehousing.
Allcargo Gati Limited ("AGL" or Transferee Company 1 or Transferor Company 3) is a subsidiary of ALL inter alia engaged in the business of in the business of domestic express and supply chain logistics through its subsidiary Gati Express & Supply Chain Private Limited.
To have a registered office in the same state as that of other companies involved in the transaction, AGL is in the process of transferring its registered office from the state of Telangana to Maharashtra which shall be done before filing of the scheme with Hon'ble NCLT (National Company Law Tribunal). Thus, the composite scheme shall be required to be filed only in one state. The equity shares of AGL are listed on nationwide bourses. As on date, ALL holds 50.16% share capital of AGL.
This story is from the February 2024 edition of M & A Critique.
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This story is from the February 2024 edition of M & A Critique.
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