InvestorQ : Is it true that Yes Bank has sold a stake in SICAL Logistics?
Katherine Gonsalves made post

Is it true that Yes Bank has sold a stake in SICAL Logistics?

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rhea Babu answered.
5 months ago
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That is absolutely correct. In fact, Yes Bank late last week had sold close to 15 lakh equity shares of SICAL Logistics representing 2.56% of the equity of the company. The selling had been done in tranches. The company belongs to the Coffee Day group which has faced a serious financial crisis after its promoter V G Siddhartha committed suicide last year.

It may be recollected that SICAL Logistics had been acquired by Coffee Day group way back in 2011. SICAL Logistics is engaged in stevedoring, customs handling, trucking and steamer agency businesses. In addition, SICAL is also into mining, port logistics, road and rail transport, container stations, warehousing and shipping; in short a full logistics play.

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