Stock

Zydus Wellness gets Board approval to repurchase debentures

Our Burea Ahmedabad | Updated on October 07, 2020 Published on October 07, 2020

Zydus Wellness will soon initiate the process of repurchasing debentures worth ₹1,500 crore it had issued on January 11, 2019.

The company's board on Wednesday approved the amendments to terms and conditions of the re-purchase of debentures in tranches. It also cleared the proposal to make changes in connection with the redemption schedule and record date. It has fixed October 7 as the record date to identify the eligible debenture holders to whom letter of offer will be sent for re-purchase of debentures. Zydus Wellness had issued debentures of face value of ₹10 lakh each aggregating to ₹1,500 crore.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on October 07, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.