Wockhardt is planning for alteration of the date of redemption of 160,000,000, 0.01% Non-Convertible Cumulative Redeemable Preference Shares (Preference Shares) of face value of Rs 5 each held by Khorakiwala Holdings & Investments (KHIPL) (Promoter Group Entity) to such date as may be decided at the meeting, subject to consent of KHIPL. These preference shares are due for redemption on March 31, 2020. The Capital Raising Committee of the company will meet on March 30, 2020 to consider the same.
Wockhardt is one of the few companies with end to end integrated capabilities for its products, starting with the manufacture of the oral and sterile API’s, the dose forms and marketing through wholly owned subsidiary in the US, enabling the company to capture maximum value.
