Loan & Debt23 May 2026, 04:01 pm
Sical Logistics to Avail ₹115 Cr Credit from Axis Bank
AI Summary
Sical Logistics Ltd. has announced the approval to avail credit facilities up to ₹115 crore from Axis Bank Limited. The credit facilities include a cash credit facility of ₹15 crore, a bank guarantee facility of ₹15 crore, and a term loan facility (refinancing) of ₹85 crore. Details of the facilities agreement will be disclosed upon execution.
Key Highlights
- Sical Logistics to avail credit facilities up to ₹115 crore from Axis Bank.
- Credit includes ₹15 crore cash credit and ₹15 crore bank guarantee.
- Term loan facility (refinancing) amounts to ₹85 crore.
- Details of the agreement will be disclosed upon execution.
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