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Allcargo, TVS Supply Chain to buy Sical Logistics' assets: ET

A report in the Economic Times says Allcargo and TVS Supply Chain Solutions are in initial discussions to acquire the supply chain business of Sical Logistics that's owned by the Coffee Day Group. Discussions are also on for the railroad assets, and both deals together could fetch the Coffee Day Group Rs 500-550 crore. The coffee chain is looking to sell a range of assets and use the proceeds to repay it's debt after the death of it's group founder VG Siddhartha.

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Allcargo, TVS Supply Chain to buy Sical Logistics' assets: ET

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