Bennett, Coleman & Company trims stake held in V2 Retail
On Tuesday, 12 January 2021, Bennett, Coleman & Company sold 1,81,823 shares (or 0.53% stake) held in V2 Retail at Rs 98 per share.
As of 30 September 2020, Bennett, Coleman & Company held 5.38% in the company.
On a standalone basis, V2 Retail reported a net loss of Rs 7.32 crore in Q2 September 2020 from Rs 10.45 crore in Q2 September 2019. Net sales declined 43.6% to Rs 85 crore in Q2 September 2020 over Q2 September 2019.
Shares of V2 Retail hit an upper circuit of 5% at Rs 108.90. V2 Retail is one of the fastest growing retail groups in India.
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First Published: Jan 13 2021 | 11:45 AM IST