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Vikas Lifecare acquires 75% stake in Genesis Gas Solutions

14 Jan 2022 Evaluate

Vikas Lifecare has acquired 75% stake in Genesis Gas Solutions, a company engaged in the business developing ‘Smart Products’ including Smart Gas Meters & Power Distribution solutions for the ever-expanding infrastructure in India, in a cash deal amounting Rs 25.00 crore, payable in stages.

The company has acquired stake with the objective of broad-basing the product portfolio, and diversifying into futuristic and unique product lines, new edge businesses, complimenting and supplementing the existing business lines of the Company.

Vikas Lifecare is engaged in trading and manufacturing of polymer, rubber compounds and additives for plastics, synthetic & natural rubber.

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