Vikas Lifecare Limited has announced its largest investment till date for the acquisition of major stakes in the renowned SKY 2.0 Club, Dubai. The acquisition is a share swap deal signed between Vikas Lifecare Limited and the holding company, Blue Sky Event Hall FZ-LLC, Dubai, for acquisition of 60 per cent stakes in the SKY 2.0 Club’s business and all future business ventures in the relevant business segment at an enterprise valuation of about USD 130 million. The acquisition process shall be completed within this fiscal year.
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