Eiko Lifesciences Ltd Allots 6,25,000 Equity Shares and 29,50,000 Warrants on Preferential Basis

Eiko Lifesciences Ltd has allotted 6,25,000 Equity Shares and 29,50,000 Warrants on a preferential basis to various allottees. The Equity Shares are priced at Rs. 55/- per share, including a premium of Rs. 45/-. The Warrants are convertible into 1 (one) Equity Share of the Face Value of Rs. 10/- at a price of Rs. 55/- per equity share, including a premium of Rs. 45/-. The total amount to be received on conversion of Warrants into Equity Shares is Rs. 16,22,50,000. The allottees include Lenus Finvest Private Limited, Bhavesh Dhirajlal Tanna, VSquare Pharmachem Private Limited, Murlidhar Mohanlal Lakhiani HUF, and Amir Hasanali Lalani. These shares will rank pari-passu with the existing equity shares of the Company. The Company has received in-principle approval from the Stock Exchanges for this issue.