“With the merger of Allcargo Supply Chain and Gati Express business, the scheme will create a strong P&L, balance sheet and cash flows to drive synergistic growth & expansion in the fast growing domestic logistics market to create an unmatched powerhouse in the domestic supply chain business”, said Shashi Kiran Shetty, Founder and Chairman, Allcargo Group
The scheme is expected to be implemented in the period of 10-12 months. Allcargo Group to eventually have four listed businesses, Allcargo ECU Limited and Allcargo Logistics post demerger of ISC business, alongside Allcargo Terminals Limited and TransIndia Real Estate Limited, which were created through earlier scheme of arrangement