Vikas Lifecare Limited, Advik Capital Limited and Vikas Garg signed an agreement to acquire 41.72% stake in Industrial Investment Trust Limited from N.N. Financial Services Private Limited, Nimbus Limited and Bipin Agarwal for INR 2.6 billion.

Vikas Lifecare Limited is an India-based provider of high-end specialty chemicals to customers across the world. The Company is principally engaged in the business of trading in plastic, polymer and chemicals, iron and steel and plastic products. It is engaged in the business of manufacturing of polyvinyl chloride (PVC) compounds and agro-processing units. It is also engaged in the fast-moving consumer goods (FMCG) segment, in which it includes FMCG products, aluminum foils, processed food products, cashews-processing units, as well as engaged in dealing of raw and finished cashew nuts and dry fruits. Its segments include Real estate Division, Trading & Manufacturing Division-Agro, Trading & Manufacturing Division-Polymers and Trading Division-Infrastructure. It has two subsidiaries, Genesis Gas Solutions Private Limited and Shashi Beriwal Private Limited. Genesis Gas Solutions Private Limited develops smart products, including smart gas meters and power distribution solutions.