Vikas Lifecare to launch a Rs 200 crore QIP, company to raise Rs 50 cr in 1st tranche
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 formula as prescribed under the SEBI ICDR Regulations.
The issue price will be determined by the company in consultation with the book running lead managers appointed for the issue. The company may, at its discretion, offer a discount of not more than 5 per cent on the floor price for the issue.
The company’s fund-raising committee will meet to consider and approve the issue price, including a discount, if any, permitted under the SEBI’s regulations. The equity shares will be allotted to qualified institutional buyers.
The company has received the principal approval for the same from its board and shareholders through postal ballots and stock exchanges – namely BSE and National Stock Exchange (NSE).
Vikas Lifecare Limited engages in the trading of various chemical compounds, polymers, PVC resins, plastic granules, and products related to the plastic industry in India. It operates through Real Estate, Trading- Polymers, Trading-Cashew Nuts, and manufacturing divisions.
Incorporated in 1995, the Delhi based company is also involved in the real estate business; and the manufacture of recycled material for automotive, packaging, sheathing, and textile industries.
Shares of Vikas Lifecare, trading and distributing company, settled at Rs 4.96 on Monday after rising 5 per cent, hitting its daily circuit limit.
Hello. And Bye.
It’s become one of the most viral memes on the internet.
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Don’t judge a book by its cover.
But, the aphorism is short and sweet.
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He knows that Luke should either decide that he can do it or decide to quit.
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Sometimes, though.
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There must be a method to your madness.
Curiosity killed the cat.
Take this proverb, for example.
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The idea is simple.
Aphorism Examples in Everyday Speech
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Why is this stuff important.
Build a storyline around that saying.
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If you do, you agree with George Herbert’s famous aphorism from his book, Outlandish Proverbs.
It originally read, Count not they chickens that unhatched be…
There is no try.
This is especially true if the excuse is a lie.
The complete quote was, A Jack of all trades and master of none, but oftentimes better than a master of one.
Not so much.
And then.
Are you in.
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It reminds us to take precautionary measures, so we don’t end up with bad results.
Examples of Aphorism in Literature
What does it mean.
Examples of Aphorism in Film
He once stated, It is better to be alone than in bad company.
Finally, Actions speak louder than words is another classic example.
The Purpose & Function of Aphorism
So my advice.
Aphorisms are so common that we hardly think twice about them.
Take this proverb, for example.
So what do you do.
Michael Corleone from The Godfather II disagreed with that.
Honesty is the best policy.
The origins of this saying are open for debate, but it’s primarily attributed to Abraham Lincoln.
But these days.
But there’s no certain magic to sprinkling aphorisms into your writing.
How many times have you heard one of the following aphorism examples.
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