Lyka Labs to issue 14,50,000 warrants to promoters / associates

Lyka Labs Ltd has announced that the Board of Directors of the Company at its meeting held on October 31, 2006 has resolved to issue upto 14,50,000 Equity Share Warrants to the Promoters / Business Associates, each warrant entitling the holder thereof to apply for and be allotted one equity shares of Rs 10/- each of the Company on payment of an exercise price to be determined in accordance with SEBI Guidelines on Preferential Issue in three tranches and in such manner and on such other terms and conditions the Company may in its absolute discretion deem fit subject to the same being in accordance with the guidelines on Preferential Issues framed under the SEBI (Disclosure & Investor Protection) Guidelines, 2000, issued by SEBI.

Source : Equity Bulls

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