Vaibhav Global Limited (BSE:532156) entered into an agreement to acquire 60% stake in Encase Packaging for INR 40 million on January 22, 2022. The Company has agreed to acquire 30,00,000 Equity Shares having face value of INR 10/- each at a price of INR 13.33/- (Premium of INR 3.33/-) per share at total consideration of INR 39.999 million. Based on purchase price allocation, goodwill amounting to 181.00 lacs has been recognized.