PNN DigitalPNN Digital
    Facebook Twitter Instagram
    Friday, July 11
    Trending
    • Acharya Dr. Shyam Suresa’s Global Humanitarian Mission: No One Sleeps Hungry
    • TripleCare Revolutionizes Haircare with a Breakthrough 3-in-1 Formula
    • Celebrating Voices of Influence: SIBA 2025, Gujarat Edition 4.0 and World Influencers Day 3.0 Lights Up Surat
    • Here’s What Shannon K Has to Say About the Superman Premiere Night That’s Still Got Her ‘Buzzing’
    • India’s New Wave of Innovators: 10 Brands Transforming Business Across Sectors
    • Identifying the Next Big Catalyst for India and Other Emerging Markets
    • Ankita Valand takes charge as youngest chairperson of SGCCI Women Entrepreneurs Cell
    • SRK’s Diamonds Shine Bright—With Zero Carbon and Global Impact
    Submit News
    PNN DigitalPNN Digital
    Subscribe
    • Home
    • News
    • Business
    • Entertainment
    • National
    • Lifestyle
    • More
      • Sports
      • Health
      • Finance
      • Education
    PNN DigitalPNN Digital
    Home»Finance

    Evexia’s move of acquiring Revin labs, Robust growth forecasted

    PNN DigitalPNN DigitalUpdated:02/05/2024 Finance 3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    In the world of industrial applications, Evexia Lifecare limited stands out as a manufacturer of a range of petrochemical downstream products. These include specialized oils, chemicals, petroleum sulphates, and solvents crucial for industries such as rubber, leather, ink, and paint.

    Going green with eBikes

    A significant milestone was the company’s move into the green energy sector in FY21 with the establishment of an eBike plant in Vadodara. Not just stopping at manufacturing, the company is also gearing up for job work and producing their own line of eBikes.

    Global Financial Moves

    On 3rd February 2023, the company issued 1.50% Listed FCCBs worth USD 1000 Lakhs to the Global Focus Fund from the Republic of Mauritius. This financial move, regulated by the Financial Service Commission of Mauritius, carries a maturity period of 37 months, with an outstanding amount of 68,887.47 Lakhs.

    Diversification and Strategic Acquisitions

    In a bid to diversify the portfolio, the company has delved into trading businesses and commission-based activities, significantly reducing our expenditure. 

    [For more information, visit https://www.evexialifecare.com/ ]

    Moreover, the recent acquisition of REVIN LABS PRIVATE LIMITED, specializing in Analytical Testing Services for Pharmaceuticals, underscores the commitment to growth and innovation. 

    The acquisition, costing 44.8 crores, will be settled with a cash consideration of Rs. 22.4 crores and the issuance of equity shares of Evexia Lifecare Limited to Revin Labs Private Limited’s individual shareholders, at a rate of 140 Rs per share.

    Strategic Partnership for Future Growth

    Our acquisition of an 80% stake in Revin Labs Private Limited is not just about expansion; it is a strategic move to join hands and boost our business forward.

    Navigating Financial Ups and Downs

    While recent financial reports may show some disappointments, our diversified business segments and promising growth opportunities signal robust wealth creation for the company and its investors. 

    This is reflected in our stock’s impressive 50% growth over the past six months, and is currently trading at Rs. 2.53.

    Disclaimer: This highlights the bullishness of stock shares and is not recommended to buy, sell or hold. We have not conducted fundamental or technical analysis and do not have any opinion on the stocks mentioned. Neither the author nor Granium Information Technologies should be held responsible for any damages. Please consult a professional advisor.

    If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

    PNN Digital
    • Website

    Keep Reading

    Acharya Dr. Shyam Suresa’s Global Humanitarian Mission: No One Sleeps Hungry

    TripleCare Revolutionizes Haircare with a Breakthrough 3-in-1 Formula

    Celebrating Voices of Influence: SIBA 2025, Gujarat Edition 4.0 and World Influencers Day 3.0 Lights Up Surat

    Here’s What Shannon K Has to Say About the Superman Premiere Night That’s Still Got Her ‘Buzzing’

    India’s New Wave of Innovators: 10 Brands Transforming Business Across Sectors

    Identifying the Next Big Catalyst for India and Other Emerging Markets

    Recent Posts
    • Acharya Dr. Shyam Suresa’s Global Humanitarian Mission: No One Sleeps Hungry
    • TripleCare Revolutionizes Haircare with a Breakthrough 3-in-1 Formula
    • Celebrating Voices of Influence: SIBA 2025, Gujarat Edition 4.0 and World Influencers Day 3.0 Lights Up Surat
    • Here’s What Shannon K Has to Say About the Superman Premiere Night That’s Still Got Her ‘Buzzing’
    • India’s New Wave of Innovators: 10 Brands Transforming Business Across Sectors

    Acharya Dr. Shyam Suresa’s Global Humanitarian Mission: No One Sleeps Hungry

    11/07/2025

    TripleCare Revolutionizes Haircare with a Breakthrough 3-in-1 Formula

    11/07/2025

    Celebrating Voices of Influence: SIBA 2025, Gujarat Edition 4.0 and World Influencers Day 3.0 Lights Up Surat

    11/07/2025

    Here’s What Shannon K Has to Say About the Superman Premiere Night That’s Still Got Her ‘Buzzing’

    10/07/2025

    India’s New Wave of Innovators: 10 Brands Transforming Business Across Sectors

    10/07/2025

    Identifying the Next Big Catalyst for India and Other Emerging Markets

    10/07/2025
    Facebook Instagram Twitter
    • Legal Disclaimer
    • Privacy Policy
    • Contact Us
    • About Us
    © 2025 PNN Digital. Designed by Primex Media Services.

    Type above and press Enter to search. Press Esc to cancel.