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The Board of directors of Lyka Labs Ltd has approved the raising of funds upto Rs. 100 Crores by issuing, offering and allotting securities of the Company to Ipca Laboratories Limited, Promoter Group by way of preferential issue.
A meeting of the Board of Directors of Lyka Labs Ltd is schedule to be held on Saturday, 21st January, 2023 to consider and evaluate fund raising proposals.
IOL Chemicals & Pharma share price: At today's high level of Rs 139.90, Lyka Labs has declined 20.58 per cent compared to its April high of Rs 536.70. That said, the stock has gained 44.44 per cent from its one-year low level of Rs 295.10, hit in March this year. Further, it has advanced 28.82 per cent in three days against a close of Rs 330.90 on Monday.