Sicom takes possession of Orchid Pharma’s Chennai property

Sicom has taken possession of Orchid Pharma’s property situated at Orchid Towers in Chennai on September 9 under the SARFAESI ACT, 2002. The company is in an advanced stage of discussions to raise resources, so that the loan availed from Sicom can be settled expeditiously.

Orchid Pharma is a pharmaceutical company engaged in development and manufacture of active pharmaceutical ingredients (APIs) and finished dosage forms. It is also engaged in research of new drugs.