Orchid Chemicals extinguishes FCCBs worth US$40.05 million

Orchid Chemicals & Pharmaceuticals Ltd has announced that the Company had so far purchased USD 37.8 million aggregate face value of the 2012 Bonds and USD 2.25 million aggregate face value of the 2010 Bonds and the said Bonds have been extinguished.

The stock closed the day at Rs.102.15, up by Rs.11.70 or 12.94%. The stock hit an intraday high of Rs.104.50 and low of Rs.88.50.

The total traded quantity was 1658945 compared to 2 week average of 746893.

Source : Equity Bulls

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