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.