Top Searches
Advertisement

Sical Logistics Promoter to Offload 0.12% Stake to Meet Public Shareholding Norms

Updated: June 18, 2025 18:35

Image Source: Business Standard
Sical Logistics Ltd has announced that its promoter group will sell 0.12% of the company’s equity to comply with SEBI’s minimum public shareholding requirements. The move is aimed at aligning the company’s ownership structure with regulatory norms, which mandate at least 10% public shareholding for listed entities.
 
Key Highlights:
  • Regulatory Compliance: The promoter currently holds 90% of the company’s equity, the maximum allowed under SEBI rules. The sale of 0.12% will help maintain compliance and avoid regulatory penalties.
  • Stake Sale Mechanism: While the exact method of sale hasn’t been disclosed, such small divestments are typically executed via block deals or open market transactions.
  • Market Snapshot: As of the March 2025 quarter, public shareholding stood at 10%, with no significant institutional or mutual fund holdings.
  • Promoter Entity: The majority stake is held by Pristine Malwa Logistics Park Pvt Ltd, which is expected to execute the sale.
  • Investor Impact: The move is procedural and unlikely to affect the company’s operations or stock performance in the short term, though it may improve liquidity and float in the market.
This minor stake sale is part of a broader trend among tightly held companies adjusting their shareholding patterns to stay within regulatory bounds.
 
Sources: Economic Times, Trendlyne, MarketsMojo

Advertisement

STORIES YOU MAY LIKE

Image Source: The Economic Times
Banking on Trust: Standard Chartered India Refutes Rumors, Pledges Transparency and Compliance
Image Source: ArdorComm Media
Tata Consumer Products Unleashes AI Power: Brewing the Next Big Leap in FMCG Value Creation
Image Source : The Federal
RS Prasanna: The Director Behind Sitaare Zameen Par And His Journey From South Cinema To Bollywood
Advertisement
Image Source : YouTube
Avika Aggarwal’s NEET Success: A Journey Of Emotional Balance And Smart Preparation
No Wi-Fi, No Noise, No Problem—Silent Cafés Are the New Urban Escape
Image Source : Indian Retailer
Homegrown Kitchenware Gains Popularity As Urban Indians Shift Toward Locally Made Products
Image Source : The New Indian
FASTag Annual Pass Introduced For Private Vehicles At Rs 3,000, Effective From August 15
Advertisement
Live Blogs
Saswat Secures the Bag: Fintech Startup Banks $2.6M from Ankur Capital & Co.
From Water Queues to Google Views: Sundar Pichai Reflects on a Thirsty Childhood
Cash Course: Gurugram B-School Lets MBA Students Trade with ₹40 Lakh Real Money
ChatGPT Served the Pounds Away: Woman Loses 5kg with a Prompt and a Plan
Top Stories
Image Source: Business Upturn
Morepen Laboratories Sets Sail for Dubai: Pharma Giant Unleashes Global Ambitions in the Desert Oasis
Image Source: ET Now
Switching On Success: SEIL’s Stock Market Debut Illuminates India’s Energy Future!
Image Source: Times Of India
Soul School: 6 Powerful Teachings You Can’t Learn Anywhere Else
Image Source: Business Upturn
Electrifying Alliances: Tata Elxsi and Infineon Fast-Track India’s Road to Green Mobility
Advertisement
Advertisement

Follow WOWNEWS 24x7 on:

Copyright 2024 WOWNEWS 24x7. All rights reserved. The WOWNEWS 24x7 is not responsible for the content of external sites. Read about our approach to external linking.

Powered By Just Imagine