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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.

Strides Pharma Scien Share Price

1000.70 6.80 (0.68%)
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