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Vikas Lifecare gets nod for issuance & allotment of 12.50 crore equity shares to eligible QIBs

07 Jun 2022 Evaluate

Vikas Lifecare’s board has approved the issuance and allotment of 12.50 crore equity shares to eligible qualified institutional buyers (QIBs). Through this qualified institutional placement (QIP) the diversified listed conglomerate will be launching Rs 50 crore from the investors by allotting the shares at a price of Rs 4 per share, including a premium of Rs 3 apiece.

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

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