Vimta Labs Ltd Completes Acquisition Of Emtac Laboratories Pvt Ltd

Vimta Labs Ltd has completed the acquisition of Shares of M/s Emtac Laboratories Private Limited. Accordingly, the Company now holds 100% equity stake in Emtac, making it a wholly owned subsidiary.

Earlier, the company had announced proposal to purchase of 34,16,500 (Thirty Four Lakhs Sixteen Thousand Five Hundred) equity shares constituting 100% share capital of M/s Emtac Laboratories Private Limited (Emtac) by the Company within 4 (Four) months’ time period.

Shares of VIMTA LABS LTD. was last trading in BSE at Rs.90.55 as compared to the previous close of Rs. 94.15. The total number of shares traded during the day was 734 in over 53 trades.

The stock hit an intraday high of Rs. 91.45 and intraday low of 88.15. The net turnover during the day was Rs. 66125.-Equity Bulls