31
May
New Delhi [India], May 31: Vikas Lifecare Limited, formerly known as Vikas Multicorp Limited, will raise Rs 200 crore (2,000 million) through qualified institutional placement (QIP). The company will raise funds in tranches. In the first tranche, the board has approved raising Rs 50 crore (Rs 500 million). The remaining Rs 150 crore (Rs 1,500 million) will be raised via subsequent tranches by the company. The company board has approved and fixed the floor price for the issue at Rs 4.20 per equity share, with a face value of Re 1 each. The price has been derived by the pricing…
