Orchid Chemicals repurchases $12.1 million 0% convertibles due 2012

By Devika Patel

Knoxville, Tenn., March 31 - Orchid Chemicals & Pharmaceuticals Ltd. informed the Bombay and Singapore stock exchanges that it bought back $12.1 million of its zero-coupon convertible bonds due 2012 for cancellation.

It may buy more of the bonds in future transactions.

Orchid is a Tamil Nadu, India-based drug manufacturer.

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