VRL logistics Buyback 2023
VRL was founded in 1976 by DR. Vijay Sankeshwar in Gadag, a small town in North Karnataka with a single truck and a vision that was way ahead of its time. VRL gradually expanded its services to Bangalore, Hubli and Belgaum. From this humble beginning VRL has today grown into a nationally renowned logistics and transport company which is also currently the largest fleet owner of commercial vehicles in India with a fleet of 4835 Vehicles (Including 362 Passenger Transport Vehicles & 4473 Goods Transport Vehicles amongst others). VRL finds mention in the Limca Book of Record as the largest fleet owner of commercial vehicles in india in the Private Sector. Mr. Vijay Sankeshwar has now been joined by his son Mr. Anand Sankeshwar who brings in newer strategies to further drive the growth of the Company.
3PL & Warehousing solutions offered by VRL are tailor-made and cater to unique needs of its diverse customer base. With the largest goods transportation network in India, VRL parcel service is indispensable for a large number of Corporate Houses. This network spans the length and breadth of the country and is supported by strategically located transshipment hubs. We operate through a network of 929 Branch and franchisees to cater our valuable customers and we are now in the process of expanding our services to reach even the remotest locations of the Country.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Offer Amount:||₹ 61.25 Cr|
|Date of Board Meeting approving the proposal:||Jan 30 2023|
|Date of Public Announcement:||Jan 30 2023|
|Buyback Offer Size:||1%|
|Buyback Number of Shares:||8,75,000|
|Buyback Price:||₹ 700 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (In Cr)||Mar 2018||Mar 2019||Mar 2020||Mar 2021||Mar 2022|
|Other Income +||14||8||6||13||17|
|Profit before tax||139||140||104||64||210|
|EPS in Rs||10.25||10.17||9.97||5.1||18.12|
|Dividend Payout %||0%||54%||70%||78%||44%|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||1,50,285||1,50,285||1,50,285||1,50,285|
|(ii) No. of Shares buyback||94||142||213||285|
|(iii) Buy Back Profit||16544||24708||37062||49590|