V-Mart Retail edges higher on acquiring A.M. Marketplaces’ LimeRoad business

v mart retail planning to take stores count to 275 in fy20

V-Mart Retail is currently trading at Rs. 2833.45, up by 6.30 points or 0.22% from its previous closing of Rs. 2827.15 on the BSE.

The scrip opened at Rs. 2846.10 and has touched a high and low of Rs. 2881.50 and Rs. 2827.20 respectively. So far 790 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 4488.00 on 11-Nov-2021 and a 52 week low of Rs. 2406.00 on 27-Jun-2022.

Last one week high and low of the scrip stood at Rs. 3049.60 and Rs. 2814.05 respectively. The current market cap of the company is Rs. 5620.35 crore.

The promoters holding in the company stood at 46.10%, while Institutions and Non-Institutions held 43.02% and 10.87% respectively.

V-Mart Retail has acquired A.M. Marketplaces’ LimeRoad business on November 10, 2022. The acquisition of LimeRoad Business under the Transaction is proposed to be made in furtherance of company’s objective to expand its presence Omni channel value fashion retailer. Earlier, the company had entered into a business transfer agreement with A.M. Marketplaces and certain other parties for the acquisition of its LimeRoad business as a going concern, on a slump sale basis, for a lump sum consideration.

V-Mart Retail is one of the pioneers in setting up stores across various small Indian towns and cities.

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