Corporate Action5 Oct 2026, 06:01 pm
Sical Logistics: Pristine Logistics Acquires 73.41% Stake
AI Summary
Pristine Logistics & Infraprojects Limited has acquired 5,85,72,399 equity shares, representing 73.41% of the total share capital, in Sical Logistics Limited. This acquisition is a result of the Scheme of Amalgamation of Pristine Malwa Logistics Park Private Limited with Pristine Logistics & Infraprojects Limited, sanctioned by the Regional Director. The transfer is considered an inter-se transfer among promoter and promoter group entities, thus exempt from open offer requirements under Regulation 10(1)(d)(iii) of SEBI (SAST) Regulations, 2011. The acquisition was completed on October 1, 2026, with no monetary consideration.
Key Highlights
- Pristine Logistics acquires 73.41% stake in Sical Logistics.
- Acquisition is part of an approved Scheme of Amalgamation.
- Transfer is inter-se among promoter group, exempt from open offer.
- No monetary consideration involved in the share transfer.
- Transaction completed on October 1, 2026.
Price Impact
More from SICALLOG