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Dhanuka Lab implements resolution plan for debt-ridden Orchid Pharma

The resolution plan will fetch the secured lenders around 32.3% recovery

Orchid Pharma
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The secured lenders will also receive around 4,08,164 equity shares at an issue price of Rs 10 each for part of their debt

Chennai
4 min read Last Updated : Mar 31 2020 | 8:25 PM IST
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The resolution plan of Gurgaon-based Dhanuka Laboratories for the revival of Chennai-based debt-ridden Orchid Pharma Ltd has been implemented, potentially fetching secured lenders around 32.3 per cent recovery. In addition,

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Topics : Orchid Pharma Insolvency and Bankruptcy Code IBC NCLT

First Published: Mar 31 2020 | 8:25 PM IST

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