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Vikas Lifecare acquires 30% stake in Ardh Sainik Canteen

10 Oct 2022 Evaluate

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.

Vikas Lifecare Share Price

1.39 -0.02 (-1.42%)
10-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
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