InvestorQ : What are the next steps now that IPCA Labs acquired a stake in Lyka Labs?
NISHA Nayak made post

What are the next steps now that IPCA Labs acquired a stake in Lyka Labs?

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Priyanka N answered.
2 weeks ago
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The board of IPCA Labs has already approved the acquisition of 26.6% in Lyka Labs coupled with joint management control agreement with Lyka Labs promoters. The entire stake in Lyka was purchased by IPCA from the secondary markets for a consideration of Rs.98 crore.

Under SEBI regulations, IPCA is required to make a public offer to the existing shareholders of Lyka and IPCA has already made a public announcement to acquire 26% additional equity of Lyka Labs. Lyka specializes in injectables, lyophilized injectables and topical formulations and the deal gives IPCA access to the highly lucrative lyophilized injectables business.

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