IFC to subscribe to $7.5-m worth foreign currency bonds of Vivimed Labs

Our Bureau Hyderabad | Updated on June 23, 2011


International Finance Corporation (IFC), an arm of the World Bank, will subscribe $7.5 million worth Foreign Currency Convertible Bonds of Vivimed Labs Ltd.

The Hyderabad-based company informed the BSE on Thursday that IFC had entered into an agreement with it in this regard.

The subscription would be done on private placement basis, it added.

Published on June 23, 2011

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