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Orchid Chem to raise foreign currency bonds 

Our Corporate Bureau  
Mumbai, Jan 13: The Chennai-based Orchid Chemicals has announced its plansto issue $30 million foreign currency bonds.

The company has informed the BSE that out of the total $30 million, $20million of the foreign currency bonds can be converted into equity shareswithin 18 months from the date of subscription. The remaining bonds worth$10 million can be optionally converted into equity shares on preferentialbasis.

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