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Vikas Multicorp Ltd. to enter pharma and healthcare business; board in principally approves acquisition ANI | Updated: Jan 13, 2021 14:43 IST
Mumbai (Maharashtra) [India], January 13 (ANI/NewsVoir): BSE and NSE listed Vikas Multicorp Ltd. had recently announced the outcome of its Board meeting held on 12 January, 2021.
Vikas Multicorp Ltd. Board has approved the proposal to enter into Pharmaceutical and Healthcare business and also in principally approved the acquisition of Advik Laboratories Ltd., a BSE listed Pharmaceuticals Manufacturing company and to enter into a non-binding, Memorandum of Understanding (MOU) with the promoters of Advik Laboratories Ltd.
VML has also formed a Committee of Directors for Initiation of Pharma and Healthcare business and to help implementation of the proposed acquisition of Advik. Advik Laboratories has an established infrastructure facility to manufacture quality pharmaceuticals for both, domestic and expo
Vikas Multicorp Ltd to enter pharma and healthcare business
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