Vishal Fabrics hits upper circuit after Promoter Group executes trade of 10,16,000 equity shares

Share Acquisition results in an increase of promoter holdings with 1.54% in the company.

Aug 25, 2021 09:08 IST India Infoline News Service

Vishal Fabrics Limited (VFL), declares that during the month of August 2021, the total trades executed by the promoter group (Savitridevi V. Chiripal) were 10,16,000 equity shares.

These shares had been acquired from the open market resulting in an increase of promotor holdings with 1.54% in the company.

VFL is a leading denim manufacturing and fabric processing unit incorporated in 1985. A part of the renowned Chiripal Group, Vishal Fabrics constantly strives to improve and innovate with its wider fabric manufacturing capacity and carbon-reducing technology across its processing units, the company said in a filing on Tuesday.

The company stock hit upper circuit of Rs114.50 per piece (+5%) during early trade on Wednesday. The crip opened at Rs113.50 per piece against previous close of Rs109.05 per piece.

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