Brief: Sical Logistics approved proposal to raise a fund of 1 billion rupees through NCDs

SICAL Logistics

10/06/2016 13:20

June 10 (Reuters) - Sical Logistics Ltd  SICA.NS : 
 * Approved proposal to raise a fund of 1 billion rupees by way of issue of 
secured non-convertible debentures on private placement basis. 
 * Shall utilize the proceeds received from out of the fresh issue for the 
redemption of the existing ncds before the stipulated time. 
 
 * Source text: (Board of Directors of the Company at its meeting held on June 10, 2016 have approved the proposal to raise a fund of Rs. 100 crores by way of issue of Secured Non-convertible debentures on private placement basis. Company shall utilize the proceeds received from out of the fresh issue for the redemption of the existing NCDs before the stipulated time) 
 
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