Date:14/03/2007 URL: http://www.thehindubusinessline.com/2007/03/14/stories/2007031406290200.htm

Back IDFC fund to invest in Sical Logistics

Our Bureau

Chennai March 13 IDFC Private Equity Fund II intends to invest Rs 110 crore in Sical Logistics Ltd, a press release from Sical says. The investment will be made by subscription to a preferential offer of shares to the fund, the release says.

Alongside, Sical also proposes to become a pure-play logistics company by divesting all non-logistics business.