India's Vikas Lifecare rises on acquisition

Vikas Lifecare

14/10/2022 07:56

** India-based polymer chemicals company Vikas Lifecare
Ltd's shares  VIKR  up 4.1% at 5.1 rupees
    ** Co on Friday says it acquired 51% stake in dried food
manufacturer Shashi Beriwal & Company Pvt Ltd  urn:newsml:reuters.com:*:nFWN31F004 
    ** Cash payout for the deal is 110 mln rupees($1.34 million)
- co adds
    ** More than 2.5 mln shares traded by 0624 GMT, 0.3x their
30-day moving avg of more than 8 mln shares
    ** Up to last close, stock had risen 21% YTD
($1 = 82.3775 Indian rupees)
 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com;Mobile: +91 6001289066))