Allcargo Terminals Limited Starts Trading on NSE and BSE after Demerger from Allcargo Logistics Limited
Mumbai, August 11th, 2023: 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 the start of a 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.