Lyka Labs converts 2,10,000 warrants into shares

Lyka Labs Ltd has announced that the Committee of Directors (CoD) of the Company at its meeting held on July 05, 2007, has converted 2,10,000 Equity Share Warrants into 2,10,000 Equity Shares of Rs 10 each at a premium of Rs 58/- (exercise price Rs 68/-) to the persons mentioned hereunder:

1. Kunal N Gandhi (Promoter): 2,00,000 No of Shares

2. Tejal S Parikh (Business Associate): 10,000 No of Shares

The stock was trading at Rs.47.25, down by Rs.0.35 or 0.74%. The stock hit an intraday high of Rs.48.50 and low of Rs.47. The total traded quantity was 49291 compared to 2 week average of 265073.

Source : Equity Bulls

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