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Yes Bank on December 11 said it has sold 15 lakh equity shares, equivalent to 2.56 percent stake in Sical Logistics.
Yes Bank has sold 15,00,000 equity shares having a nominal value of Rs 10 each, constituting 2.56 percent of the paid-up share capital of Sical Logistics limited (Sical) in various tranches, Yes Bank said in a regulatory filing.
The last tranche of the sale being on December 10, 2020, resulting in a change in holding of the bank by more than 2 percent of the total shareholding of Sical, it added. Sical was acquired by Coffee Day group in 2011.
The company is engaged in stevedoring, customs handling, trucking and steamer agency businesses, mining, port logistics, road and rail transport, container freight station, warehousing and shipping.
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