Board of Directors approved Allcargo Logistics Limited (BSE:532749) to spin off equipment rental, logistics parks and other real estate assets on December 23, 2021. The assets will be spun off into TransIndia Realty & Logistics Parks Limited. Under the terms, each shareholder of Allcargo Logistics will get 1 share for every share of TransIndia Realty. For the year ended March 31, 2021, TransIndia Realty generated revenue of INR 1.5 billion. The transaction is proposed through a Scheme of Arrangement and Demerger and will 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 and creditor of Allcargo Logistics and TransIndia Realty. As of February 1, 2023, the transaction is approved by NCLT. Transaction is expected to close by February/March 2023. April 18, 2023 has been fixed as the Record Date. Link Intime India Pvt. Ltd. acted as a transfer agent to Allcargo.

Allcargo Logistics Limited completed the Spin-Off of Transindia Real Estate Limited (NSEI:TREL) on April 26, 2023.