Penny Stocks | Online rush to buy penny stock worth Rs 4, update on company, earning opportunity – Vikas Lifecare Share Price
Penny Stocks | Despite the fall in the stock market on Friday, shares of Vikas Lifecare Limited rose by 1.8 percent to Rs 4.51. Vikas Lifecare shares closed at Rs 4.40 on Friday, down 0.68 per cent. (Vikas Lifecare Company excerpt)
Update on Vikas Lifecare Company
The Board of Directors of Vikas Lifecare Limited Company has officially approved the raising of funds and issue of securities at a meeting held on Friday 20th December 2024. On Monday (23 December 2024), the stock was trading 0.45% higher at Rs 4.42.
Vikas Lifecare will raise Rs 200 crore
Vikas Lifecare Company According to the Company the Company may by issuing equity shares through QIP, FCCB, further public offering and rights issues, or any other means or methods to enhance the operations and long-term resources of the Company and enhance organic/inorganic growth opportunities. Is planning to raise funds from. Additionally, the amount approved by the board does not exceed Rs 200 crore, the company said in a statement.
New manufacturing project to be set up in Rajasthan
Vikas Lifecare Limited Company recently announced the setting up of a new manufacturing project in Rajasthan. The facility will also be available in the manufacturing of advanced commodity compounds including EVA, ATH, thermoplastic rubber and thermoplastic emulsions. The company said that this plant will be set up in 20,000 square feet in Shahjahanpur Rico Industrial Area.
About Vikas Lifecare Company
Vikas Lifecare Limited Company manufactures and distributes various healthcare, medicines, medical devices and Ayurvedic products. The main objective of Vikas Lifecare Company is to provide quality and affordable healthcare services to the customers. Interestingly, Vikas Lifecare Limited company also has its own hospitals and clinics and the company also provides health insurance services.
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