** Shares of Vinyl Group VNL.AX rise 7% to A$0.1125, set for biggest one-day pct gain in more than 2 weeks

** Music co to acquire private digital city guide platform Concrete Playground in a cash-and-share deal worth A$5 mln ($3.20 mln)

** Says the acquisition will broaden its commercial reach by tapping into Concrete's network of clients

** Adds that it will accelerate its timeline to achieving positive cash flow by six months

** Vinyl shares up 59.4% so far this year, including current session's moves

($1 = 1.5608 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))