Image Source : FILE PHOTO Vikas Lifecare shares on Wednesday jumped round 6 per cent to settle at Rs Rs 4.70 apiece on NSE. (Photo for illustration solely)
Vikas Lifecare Limited has knowledgeable exchanges that the board has accredited the acquisition of rice milling firm Kohinoor Foods. As per the submitting, Vikas Lifecare will make investments Rs 250 crore.
The determination is consistent with the corporate’s pre-defined long-term development methods.
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SK Dhawan, MD, Vikas Lifecare, mentioned that Kohinoor Foods’ acquisition will assist the corporate to reinforce its product portfolio and improve its market presence within the FMCG house.
“This investment is in line with the company’s future-oriented growth strategy articulated to focus on building a robust portfolio of products,” he mentioned in an announcement.
In one other associated growth, Vikas Lifecare has introduced its monetary efficiency for the primary 9 months of the present fiscal.
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The firm’s standalone internet income zoomed by 74 per cent to Rs 34,626.48 lakh as towards Rs 19,833.44 lakh within the first 9 months of the final monetary 12 months. Its internet revenue elevated by 123 per cent to Rs 1,288.57 lakh in comparison with Rs 577.77 lakh.
Vikas Lifecare shares on Wednesday jumped round 6 per cent to settle at Rs Rs 4.70 apiece on NSE.
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