Sical Logistics falls after postpone in charge

Sical Logistics falls after postpone in charge

by admin- Friday, December 27th, 2019 04:40:38 PM

Shares of Sical Logistics fell nearly 5% touching to Rs. Sixteen.Four, after the organisation stated there will be a postpone in fee of the semi-annual interest due to a debenture holder.

The semi-annual interest of Rs. Five.50 crore payable on the listed 11% Secured Redeemable Non-convertible Debentures issued on non-public placement foundation to
the only debenture holder falling due on December 27, 2019 could be not on time because of cashflows mismatch.

The Company has taken essential steps to deal with the scenario and confident of correcting the same shortly. Accordingly the hobby price can be made rapidly.

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