Vikas Lifecare, as a measure of forward integration, in order to extend its retail footprint across India, taking another giant leap forward while moving at lightening pace on the path of engraving a strong foot-hold in the Consumer Products Retail Market Segment, has acquired 30% stakes in the Ardh Sainik Canteens in an all-cash deal of Rs 15 crore from its existing stakeholders.
The company has been eyeing a space for itself in the retail market segment including E Commerce Market Place for the Consumer Products including the Agro Products business segment expanding exponentially during the recent 12-18 months. Being a strategic investment, Vikas Lifecare commits itself for expansion and broad-basing of Ardh Sainik Canteens business operations.
Vikas Lifecare is engaged in trading and manufacturing of polymer, rubber compounds and additives for plastics, synthetic & natural rubber.
