Ipca Laboratories jumps on acquiring around 26% stake in Lyka Labs

Ipca Laboratories Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 524494 | NSE: IPCALAB

24 Nov 2021 Evaluate

Ipca Laboratories is currently trading at Rs. 2070.90, up by 13.20 points or 0.64% from its previous closing of Rs. 2057.70 on the BSE.

The scrip opened at Rs. 2089.90 and has touched a high and low of Rs. 2100.00 and Rs. 2018.30 respectively. So far 12392 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2767.10 on 15-Sep-2021 and a 52 week low of Rs. 1786.05 on 23-Feb-2021.

Last one week high and low of the scrip stood at Rs. 2111.40 and Rs. 2006.65 respectively. The current market cap of the company is Rs. 26350.99 crore.

The promoters holding in the company stood at 46.29%, while Institutions and Non-Institutions held 43.92% and 9.80% respectively.

Ipca Laboratories has acquired 26.574% of the paid-up share capital of Lyka Labs and has entered into a Joint Management Control Agreement with the Promoters of Lyka Labs. The cost of acquisition is Rs 97.89 crore. The Board of Directors of the Company at their meeting held on November 24, 2021 has approved the same. Consequent to this acquisition of shares, the Company has also made a public announcement to acquire 26% additional equity shares of the said company from its public shareholders under the SEBI (SAST) Regulations, 2011.

Lyka Labs is a company incorporated in the year 1976 under Companies Act, 1956 and is engaged in the business of manufacturing and marketing of injectables, lyophilized injectables and topical formulations.

Ipca Laboratories is engaged in manufacturing of active pharmaceutical ingredients and formulations. It operates in many countries and its export accounts for around half of the company’s income. Worldwide the company is one of the largest suppliers of APIs and intermediates.

Ipca Laboratories Share Price

1551.75 -6.15 (-0.39%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Sun Pharma Inds.	1847.30
Dr. Reddys Lab	1293.25
Cipla	1347.70
Zydus Lifesciences	938.90
Lupin	2377.90
View more..

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