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Orchid Pharma eyes dollar loans
The move is expected to bring down the company’s interest burden by 5-6% in FY13 Orchid Chemicals and Pharmaceuticals Limited is planning to convert around Rs 600 crore worth of loans into dollar loans and thereby bring down its interest burden, which according to an industry analyst would be by five to six per cent in fiscal 2013. Confirming the development, a company spokesperson said, “It
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