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Lyka Labs spurts on plan to raise funds upto Rs 100 crore

29 Dec 2015 Evaluate

Lyka Labs is currently trading at Rs. 132.80, up by 4.20 points or 3.27 % from its previous closing of Rs. 128.60 on the BSE.

The scrip opened at Rs. 130.00 and has touched a high and low of Rs. 133.90 and Rs. 129.50 respectively. So far 152900 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 142.90 on 26-Nov-2015 and a 52 week low of Rs. 25.00 on 29-Dec-2014.

Last one week high and low of the scrip stood at Rs. 132.50 and Rs. 122.20 respectively. The current market cap of the company is Rs. 289.16 crore.

The promoters holding in the company stood at 23.30 % while Institutions and Non-Institutions held 0.76 % and 75.94 % respectively.

Lyka Labs has decided to raise funds upto Rs 100 crore by way of issue of shares on Preferential basis/Qualified Institutional Placement (QIP)/convertible debentures and any other securities in one or more combination. The company has also decided to increase Authorized Capital from existing Rs 26 crore consisting of Equity Capital of Rs 24 crore and Preference Capital of Rs. 2 crore to Rs 32 crore consisting of Equity Capital of Rs 30 crore and Preference Capital of Rs 2 crore.

The board of company at its meeting held on December 28, 2015 has approved for the same. An Extra Ordinary General Meeting of members of the Company is convened on January 21, 2016 to obtain approval of Shareholders to authorize the Board of Directors to alter capital clause of Memorandum of Association of the Company and to decide the mode, size and terms & conditions of issue of capital.

Lyka Labs is engaged in the manufacture of pharmaceutical products. It also manufactures Veterinary products including injections, powders, creams and suspensions. The company offers various surgical disposables, such as syringes, surgical blades, cotton crepe bandage and first aid kits.

 

Lyka Labs Share Price

72.41 -0.04 (-0.06%)
11-Jun-2026 11:23 View Price Chart
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