VRL Logistics Shares Jump 20% As Promoters Cancel Airline Plan

VRL Logistics shares jumped 20 per cent on Thursday after the Hubli-based company's promoters withdrew their plan to launch a regional airline. "There have been several developments including the announcement of the new aviation policy by the center. The regional connectivity related aspects listed in the said policy do not augur well with our planned business model envisaged for the proposed activity," said Vijay Sankeshwar, promot...