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.