Allcargo Logistics Limited agreed to Spin-Off Allcargo Ecu Limited on December 21, 2023. As per the scheme, International Supply Chain (ISC) business will be demerged into a Allcargo Ecu Limited. As per the approved swap ratio, Shareholders of Allcargo will get 1:1 shares in the Allcargo ECU Limited.

The said Scheme would be subject to requisite approvals of the National Company Law Tribunal, BSE Limited, National Stock Exchange of India Limited, Securities and Exchange Board of India and other statutory / regulatory authorities, including those from the shareholders of the Allcargo, AEL. Inga Ventures Pvt. Ltd. provided the fairness opinion.