Bennett, Coleman & Co. Trims Stake in V2 Retail By 3.23%
The Times of India and Mumbai Mirror newspapers, published by Bennett Coleman & Co., are arranged for a photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Bennett, Coleman & Co. Trims Stake in V2 Retail By 3.23%

Bookmark

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.