Sical Logistics has Decided to offer, issue and allot to IDFC PRIVATE EQUITY FUND – II on private placement / preferential basis, 52,50,000 equity shares of Rs 10/- each of the Company for cash at a price including premium, provided that such price shall not be less than the minimum price arrived in accordance with SEBI Guidelines for Preferential Issues (Chapter XIII of the Securities & Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000, subject to necessary provisions and approvals