Vikas Lifecare Ltd- Board Approves Strategic Investment in Kohinoor Foods
Indian Economy & Market|February 2023
IN line with the Company’s pre-defined long-term growth strategies, the Board of Directors of Vikas Lifecare accorded their approval to invest up to Rs. 250 Crores in Kohinoor Foods Limited, 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 Limited for acquiring substantial stake in it, subject to necessary statutory approvals and due diligence.
Vikas Lifecare Ltd- Board Approves Strategic Investment in Kohinoor Foods

It is pertinent to be shared that Kohinoor Foods management achieved an arrangement with its bankers for settlement of bank dues and pursuant to this arrangement and Vikas Lifecare is aiming to make Kohinoor Food a debt free business.

Management Speaks 

この記事は Indian Economy & Market の February 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Indian Economy & Market の February 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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