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After Months Of Silence, Wockhardt Says It Has “Enough Business Bandwidth” To Ensure Payments Of FCCBs

This article was originally published in PharmAsia News

Executive Summary

MUMBAI - Drug major Wockhardt indicated that it has "enough bandwidth" in its business model to ensure that all its balance payments will be made in the stipulated time, in response to PharmAsia News queries on market speculation about its forthcoming payment of foreign currency convertible bonds of nearly $110 million. The bonds are scheduled to come up for redemption in September later this year
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