The Capital Raising Committee of the Board of Directors of Wockhardt Ltd at its meeting held today and in line with the consent received from Khorakiwala Holdings & Investments Private Limited (Promoter Group Entity), Preference Shares holder, has extended the date of redemption of 160,000,000 0.01% Non-Convertible Cumulative Redeemable Preference Shares ('Preference Shares') for a period of 1 year i.e. from 31st March, 2020 to 31st March, 2021 at a redemption premium of 8% p.a. on the redemption value of said Preference Shares as on 31st March, 2020. Redemption value of said Preference Shares, as on 31st March, 2020, stands Rs. 99.84 crore.
During this period of 1 year, both the Company and Preference Shares holder shall have the right of early redemption by giving one month notice. In such case, redemption premium would be charged for the period commencing 1st April, 2020 till the actual date of redemption of the said Preference Shares. Other terms of said Preference Shares including rate of dividend shall continue to remain the same.
Shares of WOCKHARDT LTD. was last trading in BSE at Rs.170 as compared to the previous close of Rs. 172.45. The total number of shares traded during the day was 18533 in over 932 trades.
The stock hit an intraday high of Rs. 172.1 and intraday low of 165.05. The net turnover during the day was Rs. 3148241.