{"id":108755,"date":"2023-09-01T15:36:27","date_gmt":"2023-09-01T10:06:27","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108755"},"modified":"2023-09-01T15:36:35","modified_gmt":"2023-09-01T10:06:35","slug":"the-board-of-the-recycling-company-vikas-lifecare-accepts-a-plan-to-raise-up-to-rs-40-crore","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/the-board-of-the-recycling-company-vikas-lifecare-accepts-a-plan-to-raise-up-to-rs-40-crore\/","title":{"rendered":"The board of the recycling company Vikas Lifecare accepts a plan to raise up to Rs 40 crore"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1327613882\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Recycling industry participant Vikas Lifecare announced on Friday that its board had approved funding up to Rs 40 crore through the preferential sale of convertible warrants.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-114551103\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The proposal is subject to the approval of the shareholders at the next annual general meeting which has been scheduled for later this month, the company said in a regulatory filing.<\/p><p>The board has approved allotment of up to ten crore compulsorily convertible warrants, at a premium, for cash to the promoter of the company on a preferential basis at an issue price of Rs 4 per warrant aggregating up to Rs 400 million, it said.<\/p><p>Separately, the company said that it has paid Rs 12.5 crore to acquire a sizeable interest in MSR Apparels Private Limited, which produces apparel and clothing accessories.<\/p><div class=\"trade-content_5\" id=\"trade-3950922525\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;We have acquired 98 per cent equity of MSR from existing promoters and shareholders in an all-cash deal for a total consideration of Rs 125 million, thus it became a subsidiary company,&#8221; it said.<\/p><p>Vikas Lifecare recycles plastic waste to manufacture pallets and interlocking tiles for industrial applications.&nbsp;<\/p><div class=\"trade-after-content\" id=\"trade-2536769143\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Recycling industry participant Vikas Lifecare announced on Friday that its board had approved funding up to Rs 40 crore through the preferential sale of convertible warrants. The proposal is subject to the approval of the shareholders at the next annual general meeting which has been scheduled for later this month, the company said in a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-108755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The board of the recycling company Vikas Lifecare accepts a plan to raise up to Rs 40 crore - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Recycling industry participant Vikas Lifecare announced on Friday that its board had approved funding up to Rs 40 crore through the preferential sale of convertible warrants.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/the-board-of-the-recycling-company-vikas-lifecare-accepts-a-plan-to-raise-up-to-rs-40-crore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The board of the recycling company Vikas Lifecare accepts a plan to raise up to Rs 40 crore\" \/>\n<meta property=\"og:description\" content=\"Recycling industry participant Vikas Lifecare announced on Friday that its board had approved funding up to Rs 40 crore through the preferential sale of convertible warrants.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/the-board-of-the-recycling-company-vikas-lifecare-accepts-a-plan-to-raise-up-to-rs-40-crore\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-01T10:06:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-01T10:06:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/money-cover-image-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/the-board-of-the-recycling-company-vikas-lifecare-accepts-a-plan-to-raise-up-to-rs-40-crore\/\",\"url\":\"https:\/\/tradebrains.in\/features\/the-board-of-the-recycling-company-vikas-lifecare-accepts-a-plan-to-raise-up-to-rs-40-crore\/\",\"name\":\"The board of the recycling company Vikas Lifecare accepts a plan to raise up to Rs 40 crore - 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