Vikas Lifecare invested in Genesis Gas Solutions Pvt. for a 75% stake. Ltd., a business that develops “Smart Products,” like Smart Gas Meters and Power Distribution options
In order to increase its retail presence throughout India, Vikas Lifecare Limited purchased a 30% ownership in the Ardh Sainik Canteens from its current shareholders in an all-cash deal for Rs15 crore.
This will be a further enormous step in the direction of rapidly establishing a firm presence in the retail market segment for consumer goods.
The company has been focusing on a specific market niche in the retail industry, including the E-Commerce Market Place for Consumer Products, including the Agro Products business segment, which has grown significantly over the past 12 to 18 months.
As a strategic investment, Vikas Lifecare pledges to widen and develop Ardh Sainik Canteens’ commercial operations, the business announced on Monday.
The Abhyam Services Private Limited-owned Ardh Sainik Canteen Stores (ASC) is a unique retail store concept in which Canteen (Retail) Stores are run/opened around India by former paramilitary personnel/family members of current jawans in their hometowns.
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