India's V-mart Retail near 1-month high on completing store acquisitions

V-Mart Retail

02/09/2021 08:31

** Shares of V-mart Retail Ltd  VMAR.NS  rise as much as
4.9% to 3,800 rupees, highest since Aug. 6
    ** Retailer said on Thursday it completed the acquisition of
74 stores & assets of 'Unlimited' from Arvind Lifestyle Brands
Ltd for 1.30 bln rupees ($17.81 mln)  urn:newsml:reuters.com:*:nBSE4Bpt1p
    ** More than 70,000 shares change hands by 0715 GMT vs
30-day avg of about 50,000 shares
    ** Stock up 42.5% YTD, as of last close

($1 = 72.9800 Indian rupees)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))