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.