Lyka Labs allots 795000 equity shares

Lyka Labs Ltd has announced that the Committee of Directors (CoD) of the Company at its meeting held on March 31, 2008 have allotted 7,95,000 Equity Shares to the Promoters on conversion of 7,95,000 Equity Share Warrants.

1,37,500 Equity Shares of Rs 10/- each at a premium of Rs 31.50 to Kunal N Gandhi. These shares are locked in for a period of Three Years from the date of allotment of Equity Share Warrants i.e., upto December 11, 2009.

1,37,500 Equity Shares of Rs 10/- each at a premium of Rs 31.50 to N L Gandhi HUF. These shares are locked in for a period of Three Years from the date of allotment of Equity Share Warrants i.e., upto December 11, 2009.

5,20,000 Equity Shares of Rs 10/- each at a premium of Rs 45/- to N L Gandhi HUF. These shares are locked in for a period of Three Years from the date of allotment of Equity Share Warrants i.e., upto December 21, 2010.

Source : Equity Bulls

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