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Orchid Healthcare Private Limited, promoter group company of Orchid Chemicals and Pharmaceuticals Ltd (OCPL), has picked up 1,48,09,801 equity shares for Rs 73.73 crore in OCPL on preferential basis.
OCPL today informed the stock exchange that its Board of Directors has allotted the shares for Rs 49.79 per share, as the first tranche to the promoter group company on preferntial basis as per the Corporate Debt Restructuring (CDR) Scheme approved by the CDR Empowered Group in terms of CDR Scheme.
The company, which had around Rs 3,500 crore debt earlier, has been going through CDR programme in the recent past.
