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ikas /ifecare /imited %6( 542 55, 16( 9I.$6/I)( has announced that in its board meeting held on $pril 05, 2024, the company has allotted equity shares against conversion of Zarrants to 6restha )invest /td. 9ikas /ifecare converted 5,20,00,000 Zarrants and allotted the same number of equity shares.
5ecently, 9ikas /ifecare had announced that the company had acquired a considerable stake in %enchmark 1ezs /ab Private /imited. The company has invested 5s 50 million to acquire .5 per cent equity in the popular nezs channel, %harat (xpress 1ezs. The company may enhance its stakes in the venture and also the relevant industry during the upcoming financial year 2024-25. Pursuing the expansion plans and in order to broadbase its business interests, 9ikas /ifecare recently ventured into the media and entertainment business industry and has been exploring various options to set a firm foothold in the industry via acquisitions and mergers Zhile also eyeing to evaluate and start an independent business division to enhance its business in the relevant segment.
9ikas /ifecare is an I62 00 20 5 certified company, conventionally engaged in manufacturing and trading of polymer and rubber compounds and speciality additives for plastics, synthetic and natural rubbers. 0anufacturing up-cycled compounds from industrial and post-consumer Zaste materials like (9$, P9&, PP and P(, etc, 9ikas /ifecare actively contributes to the environment protection initiatives from the Government of India and fulfils the mandated (P5 obligations for the conglomerates consuming hundreds of thousands of tonnes of plastic products and packaging materials.
The company is also a 'el-&redere agent of 21G& 2il and 1atural Gas &orporation /td Petro $dditions /imited, a public sector undertaking producing a Zide variety of base polymers and commodity plastic raz materials. 9ikas /ifecare¶s subsidiary, 0 s Genesis Gas 6olutions Pvt /td is engaged in the business of smart gas meters being supplied to all the mamor gas distribution companies for domestic and commercial consumers. Genesis pioneers in smart gas and Zater metering and commands about a 20 per cent share of the domestic gas metering business in India.
$s a long-term business strategy, the company has most recently diversified its business interests beyond raz materials %2% businesses and forayed into the %2& segment Zith a host of consumer products, including )0&G, agro and infrastructure products, paving the Zay for an aggressive business grozth that is intricately planned and making continuous additions to the products and services portfolios via acquisitions, Moint ventures and tie-ups. 7HE COMPAN\ IS SPREADINJ ITS ARMS IN THE ENTERTAINMENT SECTOR WITH A NEW VENTURE IN film PRODUCTION.
9ikas /ifecare has ventured into the entertainment sector and acquired 6.< 2.0 &lub. It is a revolutionary standalone nightclub anchored in the heart of 'ubai 'esign 'istrict, 8$(. Innovative and experiential, 6.< 2.0 provides an interactive experience by employing modern technology in the venue. $nother recent acquisition in the entertainment sector is P0( (ntertainment, headquartered in the 8$(, a leader in the rapidly-evolving entertainment industry Zith expertise in music production and event management facilitating connections Zith global talents, fostering a netzork and ensuring the success of shozs through continuous support from audiences and clients.
The company continues spreading its arms under entertainment sector Zith a nez venture in film production. This strategic move marks 9ikas /ifecare¶s entry into the dynamic Zorld of cinema, leveraging its expertise in creativity and innovation to deliver captivating and thought-provoking content and memorable experiences for audiences across the globe.
9ikas /ifecare intends establishing or acquiring businesses in these segments, thereby expanding its footprint across the country and beyond.