Lyka Labs Limited has reported Consolidated financial results for the period ended September 30, 2023.
IPCA Laboratories Limited Board has approved the acquisition of 26.574% of the paid-up share ncapital of Lyka Labs Limited at Rs97.89cr and entering into a Joint nManagement Control Agreement with the Promoters of the said company.
Shares of Sequent Scientific have rallied nearly 8% to Rs 889, also their record high on the BSE, after the pharmaceutical company announced plans to acquire the animal health business of Lyka Exports.
Alivira Animal Health, a joint venture of Sequent Scientific and Shasun Pharmaceuticals, is set to buy the veterinary business of Mumbai-based Lyka Labs