MoneyWorks4Me

Biocon’s arm raises Rs 1125 crore through OCDs

10 Dec 2020 Evaluate

Biocon’s subsidiary company -- Biocon Biologics has raised Rs 1125 crore through Unlisted, Unsecured, Redeemable, Optionally Convertible Debentures (OCDs) and allotted 1,125 OCDs having face value of Rs 1 crore each. The board of directors at its meeting held on December 09, 2020 has approved and allotted the same.

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.

Peers
Company Name CMP
Sun Pharma. Inds. 1782.00
Dr. Reddys Labs. 1208.00
Cipla 1334.00
Lupin 2010.00
Zydus Lifesciences 1138.50
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