MoneyWorks4Me

Sical Logistics seeks shareholders' nod to sell multiple business undertakings

26 Nov 2019 Evaluate

Sical Logistics has sought shareholders' nod to sell, dispose off multiple business undertakings to pare debt. In order to pay off its debts and to run major businesses of the company in a smooth manner, the board of the company in August directed the management to explore opportunities to deleverage the company and its subsidiaries.

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

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