Investment26 Jun 2025, 12:00 pm
Laurus Labs Invests INR 39.99 Crores in Subsidiary Laurus Bio
AI Summary
Laurus Labs Ltd has invested INR 39,99,93,608.28 (Indian Rupees Thirty Nine Crores Ninety Nine Lakhs Ninety Three Thousand Six Hundred and Eight and Paise Twenty Eight Only) in Laurus Bio Private Limited, a subsidiary of the company. This investment was made through the acquisition of 15,414 Series A2 Compulsorily Convertible Preference Shares at a face value of INR 100/- and a premium of INR 25,850.02/- each, amounting to a total of INR 39,99,93,608.28. This investment was made by way of Private Placement cum Preferential Allotment basis.
Key Highlights
- Laurus Labs invests INR 39.99 Crores in its subsidiary Laurus Bio
- Investment made through the acquisition of 15,414 Series A2 Compulsorily Convertible Preference Shares
- Shares acquired at a face value of INR 100/- and a premium of INR 25,850.02/- each
- Total investment amounts to INR 39,99,93,608.28
- Investment made by way of Private Placement cum Preferential Allotment basis