VRL Logistics' Promoters Plan Regional Airline, Shares Crash 20%

VRL Logistics shares crashed 20 per cent on Tuesday, following its promoters' decision to start a regional airline in their personal capacity.  VRL Logistics promoters - Vijay Sankeshwar and Anand Sankeshwar - on Monday said they plan to incorporate a separate company to start a regional airline for which they would sell a minority stake in VRL Logistics. "The board members should note that we may seek to dilute a portion of our pr...