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Orchid Chemicals & Pharmaceuticals repurchases $40.05 million in 0% convertible bonds
By Devika Patel
Knoxville, Tenn., April 15 - Orchid Chemicals & Pharmaceuticals Ltd. informed the Bombay Stock Exchange that it has so far bought back $37.8 million of its zero-coupon convertible bonds due 2012 and $2.25 million of its zero-coupon convertible bonds due 2010.
Orchid is a Tamil Nadu, India-based drug manufacturer.
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