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Vikas Lifecare gets nod to invest Rs 250 crore in Kohinoor Foods

25 Jan 2023 Evaluate

In line with the company’s pre-defined long-term growth strategies, Vikas Lifecare’s Board of Directors has accorded their approval to invest up to Rs 250 crore in Kohinoor Foods, with an objective of broad-basing the company’s product portfolio, and strengthening its positioning in industry matrix, complimenting and supplementing the existing business lines of the company by way of fresh equity, quasi capital, or any combination thereof, and to enter into definite agreement with the existing promoters of Kohinoor Foods for acquiring substantial stake in it, subject to necessary statutory approvals and due diligence.

This acquisition will enable Vikas Lifecare to augment its product portfolio and enhance market presence in FMCG space, which currently includes at a nascent stage. This investment is in line with the company future-oriented growth strategy articulated to focus on building a robust portfolio of products.

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

Vikas Lifecare Share Price

1.46 -0.03 (-2.01%)
25-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
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