Stocks

VRL Logistics closes buyback; mops up shares worth ₹50.67 cr

Our Bureau Bengaluru | Updated on March 18, 2021

VRL Logistics Ltd said it has completed its ₹50.67-crore share buyback programme.

In a regulatory filing with exchanges, the company said “A total of 20 lakh equity shares were bought back at a volume weighted average price of ₹253.36 per equity share. Accordingly, the company has deployed ₹50.67 crore excluding the transaction costs, which represents 84.45 per cent of the maximum buyback size.”

On Thursday, the Buyback Committee of the company approved the closure of the buyback .

The company commenced the buyback on February 15, 2021, from the open market through stock exchange mechanism.

Published on March 18, 2021

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