Wockhardt

Drug maker Wockhardt, which is part of the mid-cap index, jumped 4.6% to 331.65 rupees after it said that the Bombay High Court has stayed a winding-up petition filed by some bond holders against the company.

Indian Shares End Higher, ICICI Bank Leads Sudeep Jain 2011

The only exception is Wockhardt, which is yet to mobilise funds to retire its debt.

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Wockhardt plans to expand its manufacturing capacity for key products both locally and overseas.

Wockhardt Plans Product Launches in U.S., Europe Rumman Ahmed 2011

Disgruntled creditors may once again play spoilsport for troubled pharma company Wockhardt and question the R1,575-crore deal that company inked with French dairy major Danone to sell its nutrition business.

Deals India: Morning News Roundup Deals India Staff 2011

BANGALORE -- Wockhardt Ltd. plans to launch several products in the strictly regulated U.S. and Europe markets in the current financial year which began April 1 as part of its strategy to benefit from a wave of patent expirations.

Wockhardt Plans Product Launches in U.S., Europe Rumman Ahmed 2011

Strong sales in regulated markets have helped Wockhardt emerge from several quarters of losses.

Wockhardt Plans Product Launches in U.S., Europe Rumman Ahmed 2011

The promoters of Wockhardt, Essar Oil and Gujarat NRE Coke are in a similar position.

Promoters Pledge More Shares Against Loans Shah 2011

Wockhardt then opted for a debt-restructuring exercise in April 2009 which required it to divest its non-core businesses to repay lenders.

Wockhardt Plans Product Launches in U.S., Europe Rumman Ahmed 2011

The deal worth15.75 billion rupees would see Danone acquiring Wockhardt's nutrition business, brands as well as operational assets related to the business.

Deals India: Morning News Roundup DEALS INDIA STAFF 2011

Wockhardt was pushed into the red as financing costs piled up on the debt it raised to fund several acquisitions overseas.

Wockhardt Plans Product Launches in U.S., Europe Rumman Ahmed 2011