Vikas Lifecare Limited is pleased to share a recent significant development in regard to diversification of its business interests. The company has evaluated and decided to submit an expression of interest to Edelweiss Asset Reconstruction Company Limited for acquisition of a company owning the property in a 5 Star Hotel located in Delhi NCR a prime hospitality business.

The proposed acquisition involves an investment of about Rs. 1200 million, which shall be funded from internal accruals and equity proceeds.

Expression of Interest for a 5 Star Hotel located in Delhi NCR a prime hospitality business