Kotak Mahindra (International) has purchased 94,064 shares of V-Mart Retail through an open market transaction. The shares were purchased at an average price of Rs 209.14 on National Stock Exchange (NSE) on October 15, 2013.
V-Mart Retail is one of the pioneers in setting up stores across various small Indian towns and cities including Sultanpur, Ujjain, Motihari. The company primarily operates in Tier-II and Tier-III cities, with a chain of ‘value retail’ departmental stores offering apparels, general merchandise and kirana, catering to the entire family. Based in New Delhi, the company operations are spread across northern, western and eastern parts of India.
