Investment23 Dec 2025, 05:51 pm
Laurus Labs Invests INR 34.99 Crores in Subsidiary Laurus Bio
AI Summary
Laurus Labs Ltd has invested INR 34,99,87,919.74 (Indian Rupees Thirty Four Crores Ninety Nine Lakhs Eighty Seven Thousand Nine Hundred and Nineteen and Paise Seventy Four Only) in Laurus Bio Private Limited, a subsidiary of Laurus Labs. This investment was made through the acquisition of 13,487 Series A3 Compulsorily Convertible Preference Shares at a face value of INR 100/- and a premium of INR 25,850.02/- each. This additional investment has increased the company's shareholding in Laurus Bio to 75.61% on a fully diluted basis.
Key Highlights
- Laurus Labs invests INR 34.99 Crores in its subsidiary Laurus Bio
- Investment made through the acquisition of 13,487 Series A3 Compulsorily Convertible Preference Shares
- Each share was acquired at a face value of INR 100/- and a premium of INR 25,850.02/-
- This investment increases Laurus Labs' shareholding in Laurus Bio to 75.61% on a fully diluted basis
- This information is shared in compliance with Regulation 30(7) of SEBI (LODR) Regulations, 2015