Page 5 - Vikas Ecotech News Today

Reliance Power shares jumped 5.03 per cent to Rs 16.70. A total of 7,07,73,373 Reliance Power shares worth Rs 116 crore changed hands on the counter by 10 am

According to Vikas Ecotech's exchange filing, the committee determined and approved, in accordance with the SEBI ICDR Regulations, the issue price at Rs 2.80 per equity share (including a premium of Rs 1.80 per equity share), which is at a discount of Rs 0.12 per equity share i.e. 4 per cent to the floor price of Rs 2.92 per equity share to be allotted to the eligible qualified institutional buyers in the present tranche., Markets News, Times Now

The company has allotted a total of 17.85 crore equity shares to eligible qualified institutional buyers at the given issue price, amounting to Rs 49.98 crore.

Mauritius-based AG Dynamic Funds Limited has bought a stake in Vikas Ecotech as part of the small-cap companys fund raise drive

The proceeds from the QIP issue, which opened on May 31, will be utilised to expand its business and fund working capital requirement, the company said in a statement.

The Indian bioplastic for packaging is expected to expand at a CAGR of 10.9% during the forecast period. Europe is projected to hold a sizeable market...

The stock of Vikas Ecotech has gained more than 7 per cent in the last two sessions, compared it is close at Rs 2.85 on Wednesday, with a mcap close to Rs 300 crore.

For the full FY23, the companys its net profit increased 584 per cent to Rs 9.52 crore from Rs 1.39 crore that it had posted in FY22., Companies News, Times Now

The Board of Directors of Vikas EcoTech Limited, at its meeting held today have approved the financial results of the company for the period ended March 31, 2023 - Q4FY23 and FY2023.

Stocks to Watch: Check out the companies making headlines before the opening bell today.