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Chennai June 12 Sical Logistics Ltd plans to allocate equity shares on preferential basis to Credit Suisse Singapore Ltd and Macquarie Bank Ltd. According to information provided by the company to the stock exchange, it will issue a maximum of Rs 103 crore as equity shares on preferential basis under private placement. Credit Suisse Singapore Ltd and Macquarie Bank Ltd will each get 20.50 lakh equity shares. The company will convene an extraordinary general meeting to seek shareholders approval on July 9. Sical is a Rs 960-crore company which provides integrated multimodal logistics for bulk and containerised cargo.

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