VRL Logistics Buyback 2023 Record Date, Buyback Price, Entitlement Ratio


VRL Logistics Buyback 2023 description – VRL Logistics is engaged in logistics services dealing mainly in the domestic transportation of goods. Its other businesses include bus operations, transport of passengers by air, sale of power, and sale of certified emission reduction units generated from the operation of windmills.

VRL has the largest fleet of owned vehicles in the country, comprising 5,111 vehicles and operational infrastructure facilities spread across 956 locations. The company added 91 new branches and 241 new vehicles including 19 electric vehicles in FY 2022.


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

VRL Logistics Buyback Dates13 – 27 March 2023
VRL Logistics Buyback Price INR 700 per share
Market Price on Buyback ApprovalINR 520.45 per share
Buyback Premium on Market Price34.50%
Buyback Offer Size (Shares)8,75,000 shares
Buyback Offer Size (Amount)INR 61.25 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

VRL Logistics Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal23 January 2023
Buyback Approval Date30 January 2023
Public Announcement of Buyback1 February 2023
VRL Logistics Buyback Record Date10 February 2023
Buyback Opening Date13 March 2023
Buyback Closing Date27 March 2023
Cut-off Date to receive completed tender forms by Registrar27 March 2023
Verification Date by the Registrar27 March 2023
Return of unaccepted shares by Registrar10 April 2023
Extinguishment of accepted shares17 April 2023

VRL Logistics Buyback 2023 Documents

Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

VRL Logistics Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
General category
(for all other Eligible Shareholders)

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.

VRL Logistics Financial Performance

FY 2020FY 2021FY 2022
Total Expenses1,857.011,552.262,032.58
Net income 90.1245.07160.11
Figures in INR crore unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 700
Maximum shares for small shareholder (2,00,000/700)286 shares *
Closing price of stock as on 30 January 2023INR 520.45**
Maximum amount invested in buyback (INR 520.45 x 286 shares)INR 1,48,848.7
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

VRL Logistics Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
2861212 (100%)2,154.61.45
2861224 (200%)4,309.22.90
2861236 (300%)6,463.84.34

Registrar of VRL Logistics Buyback 2023

Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com

Manager of VRL Logistics Buyback 2023

Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi,
Mumbai- 400 025, Maharashtra, India
Tel: +91 22 7193 4380
Email: [email protected]
Website: www.motilaloswalgroup.com

Process to Participate in VRL Logistics Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After complete document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.

Frequently Asked Questions

What are VRL Logistics’ buyback dates?

VRL Logistics share buyback opens on 13 March 2023 and closes on 27 March 2023.

Which type of buyback is VRL Logistics’ buyback offer?

VRL Logistics buyback is a tender offer.

What is VRL Logistics buyback price?

VRL Logistics buyback price is INR 700 per share.

What is VRL Logistics buyback record date?

VRL Logistics buyback record date is 10 February 2023.

How to participate in VRL Logistics share buyback?

VRL Logistics share buyback will be conducted through a tender process and investors who hold the shares on record date can place orders through their broker.


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