Canara Robeco Mutual Fund decreased its stake in VRL Logistics from 1.58% to 1.26%, selling 568,191 shares. The value of the reduced stake is ₹16.4 Cr based on the share price of ₹288.45.
A logistics solutions provider engaged primarily in domestic transportation of goods across India through an extensive network of branches and transshipment hubs. The company also operates bus services for passenger transport, manages wind mills for power generation and certified emission reduction units, and provides air transport services. Its diversified operations span multiple business verticals to serve transportation and energy needs nationwide.
Joint venture between Canara Bank and Robeco of Netherlands. Manages over Rs 1.5 lakh crore. Canara Robeco Equity Hybrid Fund and Canara Robeco Emerging Equities are among its best-regarded offerings with long consistent track records. Backed by the Canara Bank network for distribution across Tier 2 and Tier 3 India.
