Vikas Lifecare has proceeded with acquiring 22.04% of total outstanding shares though open/off-market deal(s) from public shareholders of Advik Laboratories (Advik), a BSE listed pharmaceuticals company having its Registered Office and Manufacturing Unit in Delhi NCR.
It is pertinent to be shared that Advik management achieved an arrangement with its bankers for settlement of bank dues and pursuant to this arrangement Vikas Lifecare has already paid Rs 25 million to the Advik bankers till date and the remaining amount shall also be paid within the current month i.e. July 2021 itself, making Advik a Debt Free business.
Vikas Multicorp (VML) is a Delhi based group, with diversified interests and a rich domain experience and expertise in international and domestic polymer market.
