Investment1 Oct 2025, 06:21 pm
Sical Logistics Limited Executes Master Facility Agreement with HDFC Bank Limited for a Cash Credit Facility of Rs. 12,00,00,000
AI Summary
Sical Logistics Limited has executed a master facility agreement with HDFC Bank Limited for a cash credit facility of Rs. 12,00,00,000. The facility will be utilized to meet the business requirements of the Company. The agreement has a tenure of 12 months and the Company has provided a first pari-passu charge by way of hypothecation on all receivables, current assets, book debts, and cash flows, among other movable assets.
Key Highlights
- Sical Logistics Limited has executed a master facility agreement with HDFC Bank Limited.
- The agreement is for a cash credit facility of Rs. 12,00,00,000.
- The facility will be utilized to meet the business requirements of the Company.
- The agreement has a tenure of 12 months.
- The Company has provided a first pari-passu charge by way of hypothecation on all receivables, current assets, book debts, and cash flows, among other movable assets.