Deal Corner: NDA Represents Allcargo Group in Restructuring Its Domestic and International Business Via A Composite Scheme Approved By NCLT
Posted by By nishithadmin at 14 October, at 19 : 23 PM Print
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NDA REPRESENTS ALLCARGO GROUP IN RESTRUCTURING ITS DOMESTIC AND INTERNATIONAL BUSINESS VIA A COMPOSITE SCHEME APPROVED BY NCLT.
DEAL BRIEF
Allcargo Logistics Limited (listed on BSE Limited and National Stock Exchange of India Limited), India’s largest integrated, end-to-end logistics solutions provider, has received approval by the National Company Law Tribunal (NCLT), Mumbai Bench, for their Composite Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013.
Under the composite scheme, the International Supply Chain business of Allcargo Logistics Limited will be demerged into a new listed entity, named Allcargo Global Limited. The domestic express and contract logistics business, which is currently housed under Allcargo Gati, Gati Express & Supply Chain & Allcargo Supply Chain, respectively, will be consolidated under Allcargo Logistics Limited, which continues as the listed company.
OUR ROLE
We at Nishith Desai Associates acted as legal counsel for Allcargo Group on legal, regulatory and tax aspects, including assistance in obtaining approval of NCLT and other regulators.
DEAL TEAM
PRESS COVERAGE
Disclaimer
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