Lyka Labs to raise Rs 6 cr from domestic mkt

Healthcare company Lyka Labs on Thursday said it will raise Rs 5.59 crore through issue of 13 lakh securities in the domestic market.

The shareholders at a meeting on July 20 authorised the board to raise Rs 4.3 crore through issue of 10 lakh equity shares on preferential basis to business associates, domestic body corporates and other investors at a price of Rs 43 per share, the firm said in a filing to the Bombay Stock Exchange (BSE).

The remaining Rs 1.29 crore would be raised by issuing three lakh equity share warrants to business houses and domestic investors at Rs 43 per share, it said.