Corporate News     22-Dec-14
Orchid Chemicals & Pharmaceuticals allots equity shares
Under CDR scheme
Orchid Chemicals & Pharmaceuticals announced that the Allotment Committee of the Board of Directors at their meeting held on 22 December 2014 has allotted 1,48,09,801 equity shares of Rs. 10/- each @ Rs. 49.79/- (including a premium of Rs. 39.79/- per share) as the first tranche to the Promoter group Company M/s Orchid Healthcare on Preferential Basis as per the Corporate Debt Restructuring (CDR) Scheme approved by the CDR Empowered Group in terms of CDR Scheme.
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