Rs 15,00,00,000 investment: This small-cap company acquired 7.5 per cent equity in the popular news channel Bharat Express News

From Rs 2.66 per share (52-week low) to today’s intraday high of Rs 5 per share, the stock is up by 88 per cent.

Vikas Lifecare Limited is glad to announce that the Company has acquired a considerable stake in Benchmark News Lab Private Limited. The company has invested Rs 15,00,00,000 to acquire 7.5 per cent equity in the popular news channel Bharat Express News. The company may enhance its stakes in the venture and also the relevant industry during the upcoming Financial Year 2024~25.

Pursuing the expansion plans and to broad-base its business interests, Vikas Lifecare recently ventured into the media & entertainment business industry and has been exploring various options to set a firm foothold in the industry via acquisitions and mergers while also eying to evaluate and start an independent business division to enhance its business in the relevant segment.

About Benchmark News Lab Private Limited:

Benchmark News Lab, a Delhi-based media company with experience in both TV and print media, launched the Hindi news channel Bharat Express News in 2023. Led by the veteran journalist Upendrra Rai, Bharat Express News focuses on unbiased reporting that strengthens Indian culture. The channel boasts a team of experienced journalists, analysts, and young talent, all equipped with world-class facilities and technology for next-generation newsgathering. With a focus on "Satya, Sahas aur Samarpan" (Truth, Courage, and Dedication), Bharat Express News has been steadily gaining popularity and viewership since its launch.

Vikas Lifecare Limited (VLL) is an ISO 9001:2015 certified company specializing in the manufacture and trade of polymer and rubber compounds, including environmentally-conscious upcycled materials. VLL supports government sustainability initiatives and works as a Del-Credere agent for ONGC Petro Additions Limited. Their subsidiary, Genesis Gas Solutions Pvt Ltd., is a leading provider of Smart Gas Meters. To accelerate growth, VLL has diversified into B2C products (FMCG, Agro, Infrastructure) and is strategically expanding into the entertainment sector (including nightclubs, music production, and film production) to fuel further business growth within India and internationally.  

Today, shares of Vikas Lifecare Ltd plunged 0.20 per cent to Rs 5.91 per share from its previous closing of Rs 4.92 with an intraday high of Rs 5 and an intraday low of Rs 4.90. The stock’s 52-week high is Rs 7.92 while its 52-week low is Rs 2.66. The company has a market cap of Rs 793 crore. From Rs 2.66 per share (52-week low) to today’s intraday high of Rs 5 per share, the stock is up by 88 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.