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VRL Logistics is currently trading at Rs 653.20, up by 3.95 points or 0.61% from its previous closing of Rs. 649.25 on the BSE.

The scrip opened at Rs. 652.00 and has touched a high and low of Rs. 669.55 and Rs. 643.80 respectively. So far 63213 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 719.00 on 20-Jul-2022 and a 52 week low of Rs. 328.00 on 21-Sep-2021.

Last one week high and low of the scrip stood at Rs. 654.90 and Rs. 596.45 respectively. The current market cap of the company is Rs. 5778.99 crore.

The promoters holding in the company stood at 69.59%, while Institutions and Non-Institutions held 18.95% and 11.46% respectively.

VRL Logistics has received approval to transfer bus operations division to Vijayanand Travels (VTPL), a Related Party, by way of a Slump Sale on a going concern basis. The Business Transfer Agreement (BTA) and supplementary documents would be executed between the parties within a stipulated time period and the slump sale of the bus operation division is conditional on completion of certain conditions (such as receipt of shareholder approvals and other third party consents for the business transfer).

The date of completion of transfer shall be a date falling after confirmation of shareholders’ approval for the proposed transaction as may be mutually agreed to between the parties. The same is expected within a period of six months. The approved sale consideration for the said transaction is Rs 230 crore which would be subject to closing date adjustments as mutually agreed between the parties in the BTA. Vijayanand Travels (VTPL) is a private limited company, newly incorporated and owned and controlled by the Promoters/ Promoter group.

VRL Logistics is engaged in goods transportation and passenger transportation.