Bennett, Coleman & Co. Trims Stake in V2 Retail By 3.23%
Bennett, Coleman & Co. Ltd. has trimmed its stake in V2 Retail Ltd. by selling over 11 lakh shares through open market transactions, which represents a 3.23% stake.
The media company, which had a 5.97% stake earlier, sold 11,00,562 shares of the retailer in the open market in several tranches, according to regulatory filings. BCCL’s holding in the retailer has come down to 2.74% after these transactions.
V2 Retail had reported a consolidated loss of Rs 17.5 crore and revenue from operations of Rs 122 crore for half year ended Sept. 30, 2020.