Eiko LifeSciences Limited to enter into business agreement with Vivacious Pharmatex Pvt Ltd

The Board of Directors of Eiko LifeSciences Limited (ELL) in their meeting held today has considered and approved the transaction to enter into definitive business agreement with Vivacious Pharmatex Private Limited (VPPL) for Company's Growth and strategic positioning.

This will be a strategic expansion for Eiko Lifesciences Limited into the "Oleochemicals and Allied Business" segment, a domain integral to products in personal care, pharmaceuticals, agrochemicals, paints, coatings, fragrance, polymer, and petrochemicals.

By Entering into this agreement, Company will be preferred business partner for VPPL in terms of sourcing and supplying key raw materials.

Further VPPL, will provide full co-operation in developing new products, commercialization, and marketing at our manufacturing facilities.

Further, Company stands to gain from the vast knowledge, expertise, and research and development skills of the new management at VPPL. This collaboration is poised to be synergistic, ensuring innovation, growth, and success for both ELL and VPPL.

Shares of Eiko LifeSciences Limited was last trading in BSE at Rs. 78.43 as compared to the previous close of Rs. 67.77. The total number of shares traded during the day was 494709 in over 1540 trades.

The stock hit an intraday high of Rs. 81.32 and intraday low of 67.52. The net turnover during the day was Rs. 38616082.00.

Source : Equity Bulls

Keywords

EikoLifeSciences INE666Q01016 BusinessAgreement VivaciousPharmatex