Board approves rights issue up to Rs 110 cr and Rs 25 cr credit facility from HDFC Bank

Fund Raising View source PDF Explain this filing

SICALLOG · price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+1.1% vs market

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AI summary

Sical Logistics board approved raising up to Rs 110 crore through a rights issue of equity shares of face value Rs 10 each, subject to regulatory approvals. Separately, the board approved availing additional credit facilities up to Rs 25 crore from HDFC Bank for business requirements.

Likely market impact

Rights issue may dilute existing shareholders depending on pricing and entitlement ratio; fresh debt adds leverage but supports business operations.