Investment20 Jun 2025, 05:32 am
Biocon Ltd. Raises Rs. 45,000 Million Through Qualified Institutions Placement
AI Summary
Biocon Limited has successfully raised Rs. 45,000 Million through a Qualified Institutions Placement (QIP) under Chapter VI of the SEBI ICDR Regulations and Sections 42, 23(1)(b) and 62(1)(c) of the Companies Act, 2013. The Company issued 136,363,635 Equity Shares of face value X 5 each at an issue price of X 330 per Equity Share, including a premium of Rs. 325 per Equity Share. The issue opened on June 16, 2025, and closed on June 19, 2025. Post-issue, the Company's paid-up Equity Share capital stands increased to X 6,68,48,18,175 consisting of 1,33,69,63,635 Equity Shares of face value X 5 each.
Key Highlights
- Biocon raised Rs. 45,000 Million through a QIP
- Issued 136,363,635 Equity Shares at an issue price of X 330 per share
- Paid-up Equity Share capital increased to X 6,68,48,18,175
- 1,33,69,63,635 Equity Shares of face value X 5 each post-issue