Biocon is currently trading at Rs. 422.25, up by 7.50 points or 1.81% from its previous closing of Rs. 414.75 on the BSE.
The scrip opened at Rs. 431.90 and has touched a high and low of Rs. 431.90 and Rs. 420.00 respectively.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 477.90 on 09-Oct-2020 and a 52 week low of Rs. 235.80 on 19-Mar-2020.
Last one week high and low of the scrip stood at Rs. 431.90 and Rs. 395.60 respectively. The current market cap of the company is Rs. 49770.00 crore.
The promoters holding in the company stood at 60.67%, while Institutions and Non-Institutions held 22.98% and 16.35% respectively.
Biocon’s subsidiary company -- Biocon Biologics’ board has approved a Rs 1,125 crore ($150 million) capital injection from Goldman Sachs. As per the terms of the proposed agreement, Goldman Sachs will be issued Optionally Convertible Debentures at a post money equity valuation of $3.94 billion. The transaction is subject to customary approvals and conditions. This capital injection by Goldman Sachs will enable Biocon Biologics to make prudent investments in R&D, high-quality manufacturing, as well as, establish a global commercial footprint.
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.
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