YES Bank Sells 2.84% Stake In SICAL Logistics In Tranches
Money & Banking
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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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
A letter from the Editor
Dear Readers,
The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill.
In these difficult times, we, at BusinessLine, are trying our best to ensure the newspaper reaches your hands every day. You can also access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute.
But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.
I appeal to all our readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. You can help us by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section.
Our subscriptions start as low as Rs 199/- per month. A yearly package costs just Rs. 999 – a mere Rs 2.75 per day, less than a third the price of a cup of roadside chai..
A little help from you can make a huge difference to the cause of quality journalism!
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