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| Exchange Received Time 13/05/2017 11:35:09 Exchange Disseminated Time 13/05/2017 11:59:27 Time Taken 00:24:18 | | This is to inform you that the Company's Subsidiary Sical Logistics Limited in its Board Meeting held on 12 May, 2017 have 1. Approved the proposal to initiate the process to acquire majority equity stake in a company in the express logistics business with an annual revenue of Rs 40 Cr and to execute necessary agreements to proceed further in this regard. 2. The Board of Directors of the subsidiary also approved proposal to initiate the process to acquire majority stake in a company in warehousing and distribution business with an annual revenue of Rs 20 Cr and to execute necessary agreements to proceed further in this regard. |
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