Mr. Kochouseph Chittilappilly has sold 50 lakh shares of V-Guard Industries Limited

Mr. Kochouseph Chittilappilly, Promoter and Chairman Emeritus of V-Guard Industries Limited, (the Company) sold 50.00 lakh shares, constituting 1.16 % of the total paid up capital of the Company on June 14, 2021, through Block deal, to raise funds for the philanthropic activities being undertaken by him and his Family.

Mr. Kochouseph, formed K. Chittilappilly Foundation (KCF), a Section 8 Company, to channelize social and philanthropic activities. Over the years, KCF has been lending a helping hand in the fields of medical assistance, educational scholarships, house building support etc. to deserving persons in the society and turned out to be the frontrunner among social service organisations in Kerala. It is also developing public places like parks in the city of Kochi.

The proceeds of earlier and recent stake sales will be utilised for funding the above and future initiatives that will be undertaken by KCF.

Shares of V-GUARD INDUSTRIES LTD. was last trading in BSE at Rs.268.1 as compared to the previous close of Rs. 271.75. The total number of shares traded during the day was 32181 in over 820 trades.

The stock hit an intraday high of Rs. 274 and intraday low of 268.1. The net turnover during the day was Rs. 8699959.

Source : Equity Bulls

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