Brief: IPCA Labs Approves Acquisition Of 26.574% Stake In Lyka Labs Limited

Ipca Laboratories

24/11/2021 03:31

Nov 24 (Reuters) - IPCA Laboratories Ltd  IPCA.NS :
    * APPROVED ACQUISITION OF 26.574% OF PAID-UP SHARE CAPITAL
OF LYKA
LABS LIMITED
    * APPROVED ENTERING INTO JOINT MANAGEMENT CONTROL AGREEMENT
WITH
PROMOTERS OF LYKA LABS
    * DEAL FOR 978.9 MILLION RUPEES
    * HAS ALSO MADE PUBLIC ANNOUNCEMENT TO ACQUIRE 26%
ADDITIONAL
EQUITY SHARES OF LYKA LABS FROM ITS PUBLIC SHAREHOLDERS

Source text for Eikon:  ID:nBSEbyXT6y 
Further company coverage:  IPCA.NS  LYKA.NS 

 ((Reuters.Briefs@thomsonreuters.com;))