COMPANY LAW
| Ranbaxy fully redeems dollar440 mn convertible bonds Fri, 18 Mar 2011 14:02:46 +0530 |
| Ranbaxy Laboratories Ltd, India's top drugmaker by sales, on Friday said it had fully redeemed $440 million zero-coupon convertible bonds on March 18. The company, which is controlled by Japan's Daiichi Sankyo, did not give further details in its statement to the stock exchanges. In February, Ranbaxy's managing director Arun Sawhney had said the drugmaker would repay $550 million to these overseas bondholders, the Economic Times newspaper had reported. |
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