Wockhardt Falls After Report It Will Clear Bondholders’ Dues
Sept. 30 (Bloomberg) --Wockhardt Ltd. (WPL) declined as much as 0.8 percent in Mumbai trading after the Mint newspaper reported the drugmaker informed the Bombay High Court yesterday it had decided to clear the dues to its bondholders, amounting to 3.58 billion rupees, including interest, in installments, and will give a detailed repayment plan to the court on Oct. 4.
A Wockhardt spokesperson confirmed the company has given a written statement to the court, the report said. Shares fell 0.3 percent to 389 rupees as of 9:19 a.m. local time.
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