INSUBCONTINENT EXCLUSIVE:
VRL Logistics has approved its first-ever bonus share issue, with the board clearing a 1:1 bonus ratio at its meeting on Friday, July 4
This means shareholders will receive one bonus share for every share held as of the record date, which will be announced separately, the
In 2023, VRL Logistics completed a Rs 61 crore share buyback.The bonus shares will be issued from eligible reserves, including the
securities premium account, general reserve, capital redemption reserve, and retained earnings as of March 31, 2025
expect to rally up to 72%Bonus shares are typically issued to capitalise on free reserves, boost paid-up capital, and enhance stock
These shares are allotted at no additional cost to shareholders but are available only to investors holding the stock before the
ex-date.
Live EventsAs of March 2025, promoters held a 60.24% stake in the company.Also Read: Suzlon, Adani Ports among 10 stocks that
earned upgrades in last 1 month
Check revised target priceAt 2:23 pm on Friday, VRL Logistics shares were trading 1% higher at Rs 600.9 on the BSE
The stock has gained 22% so far in 2025 but is down 14.5% over the past two years
is Rs 697, indicating a potential upside of 16%
the surge and will it last?(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own
These do not represent the views of TheIndianSubcontinent)
