08-10-2023 03:45 PM | Source: Accord Fintech
Allcargo Terminals Limited Starts Trading on NSE and BSE after Demerger from Allcargo Logistics Limited
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Allcargo Terminals Limited (ATL) (NSE: ATL) and (BSE: 543954), an independent entity demerged from Allcargo Logistics Limited, has successfully listed its shares on the National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) under the ticker symbol "ATL". Specialists in Container Freight Stations (CFS) and Inland Container Depots (ICD), ATL is open for trading on the stock exchange, marking a new chapter in its growth story.

 

Shashi Kiran shetty, founder & chairman of Allcargo Group said, "The successful listing of Allcargo Terminals and Transindia Real Estate is a start of new journey for these businesses as independent companies. The management team will now have sharper focus and financial flexibility and strategic independence to aspire for higher goals. Our strong business fundamentals and commitment to governance will make these companies bring great value to all stakeholders and contribute to nation building.”

With strong business fundamentals and a steady growth trajectory and now with financial flexibility and strategic independence, ATL will leverage the milestone of its NSE and BSE listing to reinforce its relevance in diverse investing portfolios and broaden its shareholder base. The standalone listing will remind shareholders of ATL’s strict regulatory compliance and transparent corporate governance.

Suresh Kumar R, Managing Director of Allcargo Terminals Limited, said, "Allcargo Terminals is well-positioned to meet evolving customer needs and contribute to India’s thriving economy.  Our extensive CFS network, customer first approach, operations resilience and digital enablement make us a leading player in the industry. As we continue to offer best-in-class CFS-ICD services we will evaluate and participate in inorganic opportunities and adjacencies for accelerated growth.”

The demerger of ATL from Allcargo Logistics Limited was recently approved by the National Company Law Tribunal (NCLT) and ATL has completed the ROC filing. ATL (Allcargo Terminals Limited) is now an independent company, listed on NSE and BSE and ready to unlock new opportunities in the logistics industry.

About Allcargo Terminals Limited:

Allcargo Terminals Limited (ATL) (NSE: ATL) (BSE: 543954), recently demerged from Allcargo Logistics, an India-born global leader in multimodal logistics solutions. The organization is now an independent entity and in process of listing. ATL offers India’s widest CFS networks and specializes in Container Freight Stations (CFS) and Inland Container Depots (ICD), operates across the country, serving diverse logistical requirements at strategic locations such as JNPT, Mundra, Chennai, and Kolkata. Its best-in-class digital tool, myCFS portal offers contact-less CFS services.  ATL adhere to unparalleled safety and security standards, including OHSAS, ISO, GSV (C-TPAT-compliant), and AEO certification. ATL is dedicated to meeting diverse logistical needs and is well-positioned to explore numerous avenues and opportunities in terminals, including multimodal logistics parks and other ventures.