Zydus Wellness Ltd to initiate re-purchase of debentures

A meeting of the Fund Raising Committee of the Board of Directors of Zydus Wellness Limited will be held on Wednesday, October 7, 2020, to consider, the amendments to the terms and conditions of the debenture trust deed dated January 16, 2019 for re-purchase of debentures in tranches, including changes in relation to Redemption Schedule and Record Date. The Company, pursuant to the Information Memorandum dated January 11, 2019, issued debentures of face value of INR 10,00,000 lakhs (Rupees Ten Lakhs) each aggregating to INR 1500,00,00,000 (Rupees One Thousand Five Hundred Crores). Pursuant to the amendment in the debenture trust deed, which is subject to approval from regulatory authorities, the Company will initiate the process for re-purchase of debentures in tranches.

Shares of ZYDUS WELLNESS LTD. was last trading in BSE at Rs.1843.5 as compared to the previous close of Rs. 1840.3. The total number of shares traded during the day was 2843 in over 524 trades.

The stock hit an intraday high of Rs. 1880 and intraday low of 1831.8. The net turnover during the day was Rs. 5238283.

Source : Equity Bulls

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