MoneyWorks4Me

Orchid Chemicals redeems FCCBs worth $167.64 million

29 Feb 2012 Evaluate

Orchid Chemicals & Pharmaceuticals has redeemed the outstanding Foreign Currency Convertible Bonds (FCCBs), including yield-to-maturity, aggregating to $167.64 million on the due date, February 28, 2012. The Chennai-based firm had issued the bonds in February 2007.

Established in 1992 as an export-oriented unit (EOU), Orchid Chemicals & Pharmaceuticals is a vertically integrated company spanning the entire pharmaceutical value chain from discovery to delivery.

Peers
Company Name CMP
Sun Pharma. Inds. 1847.55
Dr. Reddys Labs. 1142.10
Cipla 1355.20
Lupin 2043.20
Zydus Lifesciences 1097.20
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