Moneycontrol
Oct 11, 2017 09:50 AM IST | Source: Moneycontrol.com

Sical Logistics rises 6% on proposal to acquire stake in subsidiary company

The company's board in its meeting held on October 10, has in-principle approved the proposal to initiate the buying of 26 percent stake held by MMTC in the company's subsidiary Sical Iron Ore Terminals.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Share price of Sical Logistics added 6.5 percent intraday Wednesday as the company is going to acquire stake in subsidiary company.

The company's board in its meeting held on October 10, has in-principle approved the proposal to initiate the buying of 26 percent stake held by MMTC in the company's subsidiary Sical Iron Ore Terminals.

The said acquisition is subject to all statutory and regulatory approvals.

The share rose 19 percent in the last one year.

At 09:46 hrs Sical Logistics was quoting at Rs 216, up Rs 13.30, or 6.56 percent on the BSE.

The share touched its 52-week high Rs 285 and 52-week low Rs 162.15 on 11 May, 2017 and 21 November, 2016, respectively.

Posted by Rakesh Patil
Sections
Follow us on
Available On