Sical Logistics acquisition rumours

With reference to the news item appearing in a leading financial daily titled "Sical Logistics close to buying freight forwarding Company", Sical Logistics Ltd has clarified to that the Company has been looking at its presence in freight forwarding business for quite some time now, but has not reached any definitive agreement or concluded talks with any person/firm to acquire any freight forwarding Company; neither any proposal in this regard has been put up to the Board of Directors of the Company.