Vikas Lifecare Limited (NSEI:VIKASLIFE), Advik Capital Limited (BSE:539773) and Vikas Garg signed an agreement to acquire 26% stake in Industrial Investment Trust Limited (BSE:501295) for INR 1.6 billion on February 8, 2024. Vikas Lifecare Limited (NSEI:VIKASLIFE), Advik Capital Limited (BSE:539773) and Vikas Garg are offering to buy the shares at Rs 275 per share. The consideration will be financed from internal sources.

The offer is expected to close on April 23, 2024. Corporate Professionals Capital Private Limited acted as the financial advisor to Vikas Lifecare Limited (NSEI:VIKASLIFE), Advik Capital Limited (BSE:539773) and Vikas Garg. Beetal Financial & Computer Services Private Limited acted as the registrar to the acquirers.