V-Mart Retail surges on acquiring 74 stores, assets from Arvind Lifestyle Brands

02 Sep 2021 Evaluate

V-Mart Retail is currently trading at Rs. 3680.00, up by 55.85 points or 1.54% from its previous closing of Rs. 3624.15 on the BSE.

The scrip opened at Rs. 3671.50 and has touched a high and low of Rs. 3795.00 and Rs. 3657.10 respectively. So far 4175 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4075.80 on 30-Jul-2021 and a 52 week low of Rs. 1775.00 on 07-Sep-2020.

Last one week high and low of the scrip stood at Rs. 3795.00 and Rs. 3461.50 respectively. The current market cap of the company is Rs. 7273.01 crore.

The promoters holding in the company stood at 46.66%, while Institutions and Non-Institutions held 44.24% and 9.10% respectively.

V-Mart Retail has acquired 74 stores and assets of ‘Unlimited’ from Arvind Fashions’ wholly owned subsidiary -- Arvind Lifestyle Brands and paid Rs 130 crore as part consideration to Arvind Lifestyle Brands. The balance consideration will be paid as per the terms of the agreement.

V-Mart Retail is one of the pioneers in setting up stores across various small Indian towns and cities. The company primarily operates in Tier-II and Tier-III cities, with a chain of ‘value retail’ departmental stores offering apparels, general merchandise and kirana, catering to the entire family.

V-Mart Retail Share Price

3786.80 -68.95 (-1.79%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 3408.50
Aditya Birla Fashion 282.25
Trent 6829.00
Vishal Mega Mart 101.11
Electronics Mart Ind 170.05
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