Equity Analysis

Company News

    LMW Ltd
    Industry :  Textile Machinery
    BSE Code
    ISIN Demat
    Book Value()
    500252
    INE269B01029
    2546.8997473
    NSE Symbol
    P/E(TTM)
    Mar.Cap( Cr.)
    LMW
    91.66
    18609.47
    EPS(TTM)
    Face Value()
    Div & Yield %:
    190.05
    10
    0.43
     
Laurus Bio secures equity infusion of Rs 120 cr
Dec 06,2024

Laurus Labs announced that its subsidiary, Laurus Bio, has signed a definitive agreement for an equity investment of Rs 120 crore from Eight Roads Ventures and F-Prime Capital. Laurus Labs also agreed to co-invest an additional Rs 40 crore at the same valuation. The Promoters of Laurus Bio have also been issued share warrants, exercisable up to two years from the date of issue at the same valuation.

Laurus Labs or Eight Roads Ventures have the right to invest up to an additional amount of Rs 35 crore before Dec 2025 at the same valuation. Upon completion of the transaction, the Company, Eight Roads Ventures and the Promoters of Laurus Bio will hold 75%, 14% and 9% stake respectively on a fully diluted basis. The Company will utilize the equity infusion for further expansion of its fermentation-based manufacturing capabilities in order to cater to growing customer demand.