Bilcare subsidiary bought Singular ID

Thebullishtrends: Bilcare shares are trading at Rs.1665(-0.45%) after this announcement share price declined by Rs.7.50. Bilcare Ltd has announced that Bilcare Singapore Pte Ltd has bought 100% of Singular ID, the provider of integrated high technology enterprise brand security system, for a consideration of Singapore $ 19.58 million. Bilcare Singapore Pte Ltd is a wholly owned subsidiary of the Company.

Creating and developing innovative and viable anti-counterfeit technologies & products has been one of the core Research initiatives at the Company. This acquisition underlines the importance that Bilcare places on offering state-of-the-art anti-counterfeit solutions, more particularly in the form of end user oriented and fully integrated systems.