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Sical Logistics Limited. ( (IN:SICALLOG) ) has shared an announcement.
Sical Logistics Limited announced that its promoter, Pristine Malwa Logistics Park Private Limited, plans to sell 0.12% of the company’s total paid-up equity share capital in the open market on June 30, 2025. This move is to comply with the mandatory requirement of maintaining a minimum public shareholding of 25%, as per the Securities Contracts (Regulations) Rules, 1957. The sale is part of a resolution plan approved by the National Company Law Tribunal, which saw the promoter acquiring 95% of the company’s equity in 2023. This divestment is crucial for Sical Logistics to meet regulatory requirements and maintain its compliance with public shareholding norms.
More about Sical Logistics Limited.
Sical Logistics Limited is a company operating within the logistics industry, focusing on providing comprehensive logistics solutions. It is a part of the Pristine Group and is headquartered in Chennai, India. The company is involved in various logistics services, catering to a diverse market segment.
Average Trading Volume: 2,302
Current Market Cap: 7.24B INR
Find detailed analytics on SICALLOG stock on TipRanks’ Stock Analysis page.