Vikas Lifecare Limited - Reply to Clarification Sought

19 Oct 2022 , 12:00 AM

The Exchange had sought clarification from Vikas Lifecare Limited with respect to announcement dated 14-10-2022 regarding General updates.On the basis of aforesaid disclosure, the Company was required to clarify the following:1. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).2. Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at arms length;3. Indicative time period for completion of the acquisition;The response of the company is attached.