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HomeTOP NEWSBUSINESSVikas Lifecare Strategic investment announced Rs 250 crore Kohinoor Foods

Vikas Lifecare Strategic investment announced Rs 250 crore Kohinoor Foods

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Image Source : FILE PHOTO Vikas Lifecare Shares Wednesday The rate of change was around 6 percent to settle at Rs Rs NSE: 4.70 (Photo (Representation only).

Vikas Lifecare Limited The board of directors has advised exchanges that it has approved the purchase of a rice milling company Kohinoor Foods. As Per the filing Vikas Lifecare Will I invest? Rs 250 crore. 

The decision is in line with the company’s pre-defined long-term growth strategies.

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SK Dhawan, MD, Vikas LifecareIt was said that Kohinoor FoodsThis acquisition will allow the company to increase its product portfolio as well as expand its market share in the FMCG industry.

“This investment is in line with the company’s future-oriented growth strategy articulated to focus on building a robust portfolio of products,” He made the statement in a statement.

In Another similar development is Vikas Lifecare has released its financial results for the first nine months of the current fiscal.

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The Company’s net revenue increased by 74% Rs 34,626.48 million as against Rs 19.833.44 million in the first nine months of the financial year. Its Net profit increased by 123 percent Rs 1,288.57 Lakh compared to Rs 577.77 lakh.

Vikas Lifecare Shares Wednesday The rate of change was around 6 percent to settle at Rs Rs NSE: 4.70

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