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Last Updated : Jan 15, 2020 10:47 PM IST | Source: Moneycontrol.com

Yes Bank acquires 10.25% in Sical Logistics

SICAL Logistics is a company that provides dredging and retail supply chain turnover logistics solutions.

 
 
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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.

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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.

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First Published on Jan 15, 2020 10:47 pm
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