Vikas Lifecare zooms on acquiring substantial stake in renowned `SKY2.0 Club`
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Vikas Lifecare is currently trading at Rs. 7.51, up by 0.81 points or 12.09% from its previous closing of Rs. 6.70 on the BSE.
The scrip opened at Rs. 7.90 and has touched a high and low of Rs. 7.92 and Rs. 7.14 respectively. So far 22425880 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 7.92 on 23-Jan-2024 and a 52 week low of Rs. 2.66 on 24-May-2023.
Last one week high and low of the scrip stood at Rs. 7.92 and Rs. 6.43 respectively. The current market cap of the company is Rs. 1164.65 crore.
The promoters holding in the company stood at 11.40%, while Institutions and Non-Institutions held 0.02% and 88.58% respectively.
Vikas Lifecare has acquired substantial stakes in renowned ‘SKY2.0 Club’, Dubai. The acquisition is a share swap deal signed between Vikas Lifecare and the holding company M/s Blue Sky Event Hall FZ-LLC, Dubai, for acquisition of 60% stakes in the SKY 2.0 Club business and all future business ventures in the relevant business segment at an enterprise valuation of about $130 million. The acquisition process shall be completed within this fiscal year.
Vikas Lifecare is an ISO 9001:2015 certified company, conventionally engaged in manufacturing and trading of Polymer and Rubber compounds and Specialty Additives for Plastics, Synthetic & Natural Rubber.
