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Yes Bank acquires 10.25 per cent stake in Coffee Day group company Sical Logistics

Shortpedia

Content Team

Private sector lender Yes Bank has acquired a 10.25 per cent stake in Sical Logistics, a Coffee Day Group company, by invoking pledged shares. The bank acquired 60,00,000 equity shares having a nominal value of Rs 10 per share, constituting around 10.25 per cent of Sical Logistics Ltd. Sical Logistics is engaged in providing dredging and retail supply chain logistics solutions and was acquired by Coffee Day group in 2011.