Sical Logistics Sells Chennai Property for ₹18 Cr

Sical Logistics Limited has announced the sale of its non-core assets, including land and a building, located in Madhavaram village, Chennai, Tamil Nadu. The sale, comprising approximately 79,627.68 sq.ft., was executed for a consideration of ₹18 crore. This divestment is in accordance with the resolution plan approved by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016. The buyer is Roshan Foundations Limited, a public limited company. The transaction is not considered a related party transaction and is in line with the approved resolution plan.