Vadilal tanks 30% in two days as Ashish Kacholia offloads 5% stake

The stock hit a fresh 52-week low of Rs 516.50, down 12% after investor Ashish Kacholia offloaded 5% of its equity shareholding in ice cream maker through open market on Monday.

Shares of Vadilal Industries hit a fresh 52-week low of Rs 516.50, slipped 12% in early morning trade on Tuesday, after investor Ashish Kacholia offloaded 5% of its equity shareholding in ice cream maker through open market on Monday.

Yesterday, the stock tanked 20% to Rs 589 on the BSE and the National Stock Exchange (NSE). The stock plunged 35% in past six trading sessions from Rs 795 on August 10, 2018.

On Monday, August 20, 2018, Ashish Ramchandra Kacholia had sold 362,305 equity shares representing 5.04% of its holding in Vadilal Industries through bulk deals on the