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Orchid Chem in bad state, may fund debt with another one

Orchid Chemicals seems to be in a bad situation. K Raghavendra Rao, managing director, Orchid Chemicals & Pharmaceuticals is concerned that raising equity might be difficult at this point.

September 03, 2011 / 12:07 IST

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Orchid Chemicals seems to be in a bad situation. K Raghavendra Rao, managing director, Orchid Chemicals & Pharmaceuticals is concerned that raising equity might be difficult at this point.

In an interview to CNBC-TV18, he said that the only option left is to replace debt with another debt itself. The company

TAGS: #Business #FCCB #K Raghavendra Rao #Orchid Chemicals

first published: Aug 30, 2011 12:18 pm

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