Private sector lender YES Bank, on Tuesday, said it has sold 16.61 lakh equity shares of SICAL Logistics amounting to 2.84 per cent stake.

“YES Bank has sold 16,61,008 equity shares having nominal value of ₹10 each, constituting 2.84 per cent of the paid-up share capital of SICAL Logistics in various tranches, last being on June 22, resulting in a change in holding of the bank by more than two per cent of the total shareholding of SICAL,” it said in a regulatory filing.

The bank had, on January 15, announced the acquisition of 60 lakh equity shares amounting to 10.25 per cent of the paid-up share capital of SICAL Logistics through invocation of pledged shares.

Then, on January 23, it had sold over 12 lakh shares of the company.

SICAL Logistics is a logistics solutions provider and is also engaged in providing dredging and retail supply chain logistics solutions.

Published on June 23, 2020

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