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Strides Arcolab redeems outstanding $80 million FCCBs

27 Jun 2012 Evaluate

Strides Arcolab has redeemed the outstanding $80 million FCCBs on due date. In the year 2007, the company had originally raised $1000 million FCCBs and in 2009 had bought back $20 million. It had paid $116 million for redeeming the outstanding bonds including the redemption premium of 45.058%.

Strides Arcolab is a global pharmaceuticals headquartered in Bangalore, India that develops and manufactures a wide range of IP-led niche pharmaceuticals products with an emphasis on sterile injectables.

Peers
Company Name CMP
Sun Pharma. Inds. 1853.50
Dr. Reddys Labs. 1202.80
Cipla 1397.20
Lupin 2090.00
Zydus Lifesciences 1202.00
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