
Merger5 Oct 2026, 06:01 pm
Pristine Logistics Merges Subsidiary, Acquires Sical Logistics Shares
AI Summary
Pristine Logistics & Infraprojects Limited has completed the merger of its wholly-owned subsidiary, Pristine Malwa Logistics Park Private Limited, following a Regional Director's order. Consequently, all assets and liabilities, including Sical Logistics Limited shares, have been transferred to Pristine Logistics & Infraprojects. This transaction results in Pristine Logistics & Infraprojects holding 5,85,72,399 shares of Sical Logistics Limited, representing 73.41% of the total share capital. The disclosure is made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Pristine Malwa Logistics merged into Pristine Logistics.
- Pristine Logistics now holds 73.41% of Sical Logistics.
- Acquisition is via a scheme of amalgamation.
- Disclosure filed under SEBI Takeover Regulations.
Price Impact
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