Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
you are here: HomeNewsBusiness

Fire accident at V-Mart store in Kanpur; inventory, fixed assets damaged

"There was no loss or injury to human life," the company clarified. In terms of the damage caused to the inventory, fixed assets and cash, V-Mart said it is in the process of ascertaining the actual amount of losses incurred.

January 16, 2023 / 10:05 PM IST
V-Mart is one of the listed hypermarket chain operators

V-Mart is one of the listed hypermarket chain operators

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

A fire accident was reported at a store of V-Mart in Uttar Pradesh's Kanpur on January 16, which led to the inventory, cash and fixed assets being damaged, the hypermarket retail chain said in a regulatory filing.

"There was no loss or injury to human life," the company clarified.

V-Mart noted that is in the process of ascertaining the actual financial loss caused due to the fire. The company also stated that operations at its Kanpur store have been disrupted due to the accident.

The fire "has resulted in damage of inventory, fixed assets, cash and others in the store, thereby disrupting the operations of the aforementioned store", it informed the stock exchanges.