Indiaco Ventures Ltd has informed that the Company has acquired 20.83% stake in Laser Cosmetics Pvt Ltd in pursuance of authority given by the Board of Directors of the Company in the Board meeting held on October 26, 2007. The Company has also subscribed 25% in Preference Shares. All the formalities in this regard have been completed now.
The Company is presently holding 1,50,000 equity shares of Rs 10/- each out of total7,20,000 equity shares of Laser Cosmetics Pvt Ltd and 12,500 Preference Shares of Rs 100/- each out of total 50,000 preference shares of Laser Cosmetics Pvt Ltd.
Laser Cosmetics Pvt Ltd was Promoted by Prof. (Dr.) Krishna Shama Rao in the year 2005 to start laser surgery clinics. The clinics started under the flagship Company are stand alone centers to cater to vide spectrum of cosmetic surgery services. The clinics are operated under the brand name of MAAYA. The first clinic set up at Mangalore. The Company aims to spread the services to various cities and create a strong brand in Laser Cosmetic Surgery. It plans to spread across all major cities in India.
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