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Lyka Labs prepay outstanding term loan of Rs64.7cr to IARC; Stock slips at 5% lower circuit

The transaction was carried on December 18, 2021.

December 20, 2021 12:31 IST | India Infoline News Service
Lyka Labs on Monday intimated exchanges about its pre-payment of outstanding term loans to International Asset Reconstruction Company Private Limited (IARC).

The company pre-paid outstanding term loan-1 of Rs64.70cr to IARC.

The transaction was carried on December 18, 2021.

On Monday, tracking broader bearish markets, Lyka Labs was also trading in the red.

At around 12.28 pm, Lyka Labs was trading at the lower circuit of Rs211.65 per piece down by Rs11.10 or 4.98% on Sensex.

The stock has touched an intraday high and low of Rs223 per piece and Rs211.65 per piece respectively. 

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