The issue gives a partial exit to private equity investors TPG Asia and HBM. The promoter share will be diluted from 41.8% to 35.2%. The issue proceeds are going to be used for repayment of borrowings.
VRL Logistics’ board will meet on July 4, 2025, to consider issuing bonus shares to eligible shareholders, with the record date to be announced later.
The markets broke out after six weeks of consolidation, with the Nifty gaining 2.09%. Support levels have risen to the 25100-25150 zone, and leadership is
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