Orchid Chemicals repurchases US$25.7 million worth FCCBs

Orchid Chemicals & Pharmaceuticals Ltd has announced that the Company has purchased USD 25.7 million aggregate face value of Bonds and is in the process of extinguishing such Bonds.

Further, the Company may also purchase from the markets and extinguish additional Bonds from time to time at its sole discretion.

The stock was trading at Rs.69, up by Rs.4.70 or 7.31%. The stock hit an intraday high of Rs.72.40 and low of Rs.64.30.

The total traded quantity was 424204 compared to 2 week average of 107117.

Source : Equity Bulls

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