Vikas Ecotech Limited (BSE:530961) signed a definitive Share Purchase Agreement to acquire Vikas Organics Private Limited on October 31, 2023. The transaction is valued at an enterprise value of INR 270 Million in an all-cash deal. As of March 31, 2023, Vikas Organics Private Limited reported revenue of INR 990 million. The acquisition is targeted to be completed by December 2023.

Vikas Ecotech Limited (BSE:530961) completed the acquisition of Vikas Organics Private Limited for INR 320 million on February 23, 2024.