<ul data-eligibleForWebStory="false"><li>VRL Logistics has approved a bonus issue in the ratio of 1:1, entitling shareholders to one new fully paid-up equity share for every existing share they own.</li><li>The bonus shares will be issued by capitalizing free reserves and accumulated surplus, doubling the company's paid-up share capital.</li><li>VRL Logistics' scrip initially rose 1.81% post the announcement, reaching Rs 605.80, but later traded 0.17% lower at Rs 594.05 apiece.</li><li>As of now, out of 10 analysts tracking the company, nine suggest a 'buy' rating, with an average 12-month consensus price target indicating a 15.5% upside.</li></ul>

VRL Logistics Approves 1:1 Bonus Issue

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