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Biocon gets nod to transfer Biosimilars business to Biocon Biologics

27 Oct 2017 Evaluate

Biocon has received its board’s approval to transfer its Biosimilars business by way of a slump sale as ‘going concern’ to Biocon Biologics India, a step down wholly owned subsidiary of the Company, subject to consent of the shareholders of the Company and obtaining all requisite regulatory / statutory approvals.

Biocon is India’s largest and Asia’s leading Biotechnology Company with a strategic focus on biopharmaceuticals and research services. It is a fully integrated, innovation-driven biopharma enterprise offering affordable solutions for chronic diseases to patient's worldwide.

Biocon Share Price

390.50 9.95 (2.61%)
11-May-2026 16:59 View Price Chart
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Company Name CMP
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Dr. Reddys Lab 1279.70
Cipla 1304.70
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Lupin 2245.65
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