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Sical Logistics exploring strategic alternatives for reduction of Rs 1,488 crore debt

13 Sep 2019 Evaluate

Sical Logistics is exploring strategic alternatives for reduction of external debt worth Rs 1,488 crore. Almost entire debt has been secured by the personal guarantees of the promoter Late VG Siddhartha and strategic alternatives are being worked out to deleverage the company.

Sical Logistics is a holding company. The company is primarily engaged in providing integrated logistics services.

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