Cargo Breaking News
Allcargo Logistics announced that its Composite Scheme of Arrangement involving the demerger of its International Supply Chain (ISC) business and the merger of its Domestic Supply Chain business has become effective from 1 November. The scheme received approval from the National Company Law Tribunal (NCLT), Mumbai Bench, through an order dated 10 October. As part of this restructuring, Allcargo Logistics has demerged its ISC business into a newly incorporated entity Allcargo Global. Following the demerger, the domestic express distribution and consultative logistics businesses will be merged into the resulting Allcargo Logistics, aligning operations for enhanced synergy and value creation.
