** Shares of Vinyl Group up 8.3% to A$0.105, their largest intraday pct jump since Aug. 14
** Stock hits its highest level since Sept. 9
** The vinyl records retailer to acquire London-based blockchain platform Serenade for A$800,000 ($553,760.00) in shares, and in a further payment of A$1.5 million in shares upon hitting profit targets
** Says acquisition to expand co to UK and European markets, add physical and digital collectibles to platform
** More than 925,000 shares change hands by 0114 GMT, 1.8 times the 30-day avg volume of shares
** VNL up 48.8% YTD, including current session's moves
($1 = 1.4447 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.