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The latest announcement is out from Lytus Technologies Holdings Private Limited ( (LYT) ).
On February 3, 2025, Lytus Technologies Holdings entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN, LTD., allowing the company to sell up to $100 million of its common shares, providing financial flexibility for future endeavors. Additionally, Lytus has launched a new subsidiary, Lytus HealthTech, aimed at transforming India’s healthcare landscape by integrating advanced technologies with personalized patient care solutions, addressing key challenges in accessibility and service delivery. This strategic move is expected to enhance healthcare standards in India, directly benefiting patients and healthcare providers by improving efficiency and reducing costs.
More about Lytus Technologies Holdings Private Limited
Lytus Technologies is a NASDAQ-listed company specializing in platform services and next-generation technology solutions. It operates across various sectors including digital streaming, HealthTech, fintech, AI, and cybersecurity, serving a customer base of 4 million active users mainly in India and other international markets.
YTD Price Performance: -30.02%
Average Trading Volume: 1,599,376
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $14.19M
For detailed information about LYT stock, go to TipRanks’ Stock Analysis page.