VRL Logistics Buyback 2023 Details 

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VRL Logistics provides logistics services, focusing mostly on domestic freight transportation. Bus operations, air passenger transportation, the sale of power, and the sale of certified emission reduction units produced by the operation of windmills are some of its additional businesses. 

VRL has the largest fleet of privately owned cars in the nation, with 5,111 vehicles and infrastructural facilities for operational use dispersed throughout 956 locations. In FY 2022, the corporation opened 91 new branches and purchased 241 new vehicles, 19 of which were electric. 

The company’s business segments include: 

  • Goods Transport (89%) 
  • Bus Operations (9%) 
  • Sale of Power (1%) 
  • Air Charter (0.5%) 

VRL Logistics Share Buyback 2023 Details 

Buyback Dates Coming soon 
Buyback Price  INR 700 per share 
Market Price on Buyback Approval INR 520.45 per share 
Buyback Premium on Market Price 34.50% 
Buyback Offer Size (Shares) 8,75,000 shares 
Buyback Offer Size (Amount) INR 61.25 crore 
Offer Type Tender 
Promoter Participation Yes 
Face Value  INR 10 per share 
Listing At BSE, NSE 
eClerx Services Buyback 2023 Details

VRL Logistics Buyback Dates  

Board Meeting Intimation for Buyback Proposal 23 January 2023 
Buyback Approval Date 30 January 2023 
Public Announcement of Buyback 1 February 2023 
Buyback Record Date 10 February 2023 
Buyback Opening Date Coming soon 
Buyback Closing Date Coming soon 
Cut-off Date to receive completed tender forms by Registrar Coming soon 
Verification Date by the Registrar Coming soon 
Return of unaccepted shares by Registrar Coming soon 
Extinguishment of accepted shares Coming soon 

VRL Logistics Financial Performance 

 FY 2020 FY 2021 FY 2022 
Revenue 2,118.54 1,762.92 2,393.65 
Total Expenses 1,857.01 1,552.26 2,032.58 
Net income 90.12 45.07 160.11 

Objects of the Issue

The Buyback offers the following advantages: 

a) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders. 

b) The Buyback may help in improving its return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value. 

VRL Logistics Buyback 2023 Documents

Company Contact Information

VRL Logistics Limited
Giriraj Annexe,
Circuit House Road,
Hubballi – 580029

Phone: 08362237511
Email: headoffice@vrllogistics.com

VRL Logistics Buyback 2023 Registrar

  1. KFin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India – 500 032.

    Phone: 04067162222, 04079611000
    Email: vrl.buyback@kfintech.com

VRL Logistics Buyback 2023 Manager

Lead Manager(s)

  1. Motilal Oswal Investment Advisors Pvt Ltd


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