Corporate News 07-Dec-21
Orchid Pharma converts Rupee term loan into Foreign Currency term loan
Orchid Pharma announced that the company had availed a Rupee term loan from Union Bank of India (“Lender”) which was at an outstanding level of Rs.164.67 crore on 06 December 2021. The company has executed an binding agreement on 06 December 2021 relating to currency of account with the aforesaid lender for conversion of the aforesaid Rupee term loan of Rs.164.67 crore to Foreign Currency term loan (equivalent to USS 2,18,50,635).
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