The company has $300 million in external commercial borrowings, Euro 165 million leverage buyout debt, $108 million foreign currency convertible bonds and Rs 2. The loan repayment schedule of the company shows $26 million in 2008, $20 million and euro 28 million in 2009 and $175 million and euro 20 million in the year 2010. Wockhardt generated about 49 per cent of revenue or Rs 3,748 million from European markets in the fourth quarter of 2007, around 15 per cent or Rs 1,147 million from the US, Rs 1,825 million or around 24 per cent from India and Rs 898 million or 12 per cent from rest of the world. News about ICICI Bank suffering losses on mark-to-market margins and losses suffered by L&T arm in commodities derivatives prevented investors to hold positions in (Wockhardt) such a choppy markets,? said Ramesh Kuvare of DBM Wealth Management. read more
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