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VRL Logistics touches 52-week high as Reliance MF picks up stake

Reliance Mutual Fund bought 20,00,000 shares of VRL Logistics at Rs 339.99.

September 01, 2017 / 01:22 PM IST

Shares of VRL Logistics touched 52-week high of Rs 362, advancing as much as 7 percent Friday on the back of share acquisition by Reliance Mutual Fund in the company.

On August 31, 2017 Reliance Mutual Fund bought 20,00,000 shares of VRL Logistics at Rs 339.99 on the NSE.

However, Vijay B Sankeshwar, a promoter of the company, sold 20,00,000 shares at Rs 340.

As on June 2017 Vijay Sankeshwar was holding 3,17,92,000 equity shares (34.84 percent) in the company.

At 11:12 hrs VRL Logistics was quoting at Rs 353.35, up Rs 15.25, or 4.51 percent on the BSE.
first published: Sep 1, 2017 11:13 am
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