Deals17 Jul 2025, 06:31 pm
Orchid Pharma Executes Deed of Hypothecation for Rs.1,425 Crore Credit Facilities from HDFC Bank
AI Summary
Orchid Pharma Ltd. has executed a Deed of Hypothecation on July 17, 2025, for securing various credit facilities amounting to Rs. 1,425,000,000 from HDFC Bank Limited. This move aims to set up the Cefiderocol Project. The company has executed the deed in accordance with Regulation 30, SEBI Listing Regulations, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Key Highlights
- Orchid Pharma executes Deed of Hypothecation with HDFC Bank for Rs. 1,425 Crore
- Credit facilities obtained for setting up the Cefiderocol Project
- Action taken in accordance with Regulation 30, SEBI Listing Regulations, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024