SICAL Logistics is a company that provides dredging and retail supply chain turnover logistics solutions.
Yes Bank has acquired 60,00,000 equity shares of Sical Logistics on January 15.
According to a release, the bank has 10.25 percent of the paid-up share capital of the company following the invocation of pledge of shares.
The release noted that Sical Logistics is a company that provides dredging and retail supply chain turnover logistics solutions.
The development comes after Yes Bank acquired a 29.97 percent stake in power generation company Rosa Power Supply Company Limited (RPSCL) on January 14.
Rosa Power is a wholly-owned subsidiary of Reliance Power.During the first six months of FY20, RPSCL achieved strong operating performance with a plant availability of 98.5 percent and plant load factor of 78 percent, the company noted in a press release.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.