Lyka Labs pre-paid outstanding term loans to International Asset Reconstruction Company Pvt Ltd (IARC) to the tune of Rs.65 crore. This was done on the 18th of Dec.

This development apart, Ipca Labs bought 1 million shares of pharmaceuticals company via open market deals, which is 3.65% stake at a price of Rs.123/share on the BSE.

The stock which had closed yesterday at Rs.219.95, opened at Rs.229 and within seconds hit the 5% UC of the day at Rs.230.90 where it now remains frozen.