Sical Logistics to acquire PNX Logistics

For a total consideration of Rs 10 crore

Sical Logistics announced that a share purchase agreement has been executed by the Company for the acquisition of PNX Logistics. The total consideration of Rs 10 crore will be bifurcated into Rs 6 crore for the intital acquisition of 60% on or before 01 August 2017 and the balance Rs 4 crore on acquisition of balance shares in 2020.

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