BSE and NSE listed Vikas Lifecare Ltd acquires 30% stake in Ardh Sainik Canteen for Rs15 crore
This will be another giant leap forward while moving at lightning speed on the path of carving a strong foothold in the consumer products retail market segment.
Vikas Lifecare Limited, as a measure of forward integration, has acquired 30% stakes in the Ardh Sainik Canteens in an all-cash deal worth Rs15 crore from its existing stakeholders in order to expand its retail footprint across India.
This will be another giant leap forward while moving at lightning speed on the path of carving a strong foothold in the consumer products retail market segment.
The Company has been targeting a niche for itself in the retail market sector, including the E-Commerce Market Place for Consumer Products, including the Agro Products business section, which has been increasing dramatically over the last 12-18 months.
Vikas Lifecare commits to expanding and broadening the commercial activities of Ardh Sainik Canteens as a strategic investment.
Ardh Sainik Canteen Stores (ASC) is a one-of-a-kind retail store concept owned by Abhyam Services Private Limited, in which Canteen (Retail) Stores are operated/opened across India by former paramilitary personnel/family members of current jawans in their hometowns.
Vikas Lifecare Limited engages in the trading of various chemical compounds, polymers, PVC resins, plastic granules, and products related to the plastic industry in India. It operates through Real Estate, Trading- Polymers, Trading-Cashew Nuts, and manufacturing divisions.
Vikas Lifecare Ltd. (VLL) is an ISO 9001:2015 certified company, historically engaged in the business of manufacturing of Polymer and Rubber compounds and Specialty Additives for Plastics, Synthetic &Natural Rubbers. The company has been conventionally engaged in various business segments including Polymer & Rubber Commodity (bulk consumption) Compounds and Master-Batches. Manufacturing Up-Cycled Compounds from industrial and post-consumer waste and scrap materials like EVA, PVC, PP, PE etc., directly contributing to the Environment Protection initiatives from the Government of India and fulfilling the mandated EPR obligations for the conglomerates using hundreds of thousands of tonnes of plastic products and packaging materials.
VLL is also a Del-Credere agent of ONGC– The Oil and Natural Gas Corporation Ltd.” Petro Additions Limited, a public sector undertaking producing a wide variety of base polymers and commodity plastic raw materials.
