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Biocon raises Rs 1070 crore through NCDs

22 Feb 2023 Evaluate

Biocon has raised Rs 1070 crore through allotment of 1,07,000 unlisted, secured, rated, redeemable, non-convertible debentures (NCDs) of face value of Rs 1,00,000 each on private placement basis in 3 series. Date of maturity of the said NCDs will be on February 21, 2028.

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. 1784.25
Dr. Reddys Labs. 1197.35
Cipla 1335.60
Lupin 2012.00
Zydus Lifesciences 1141.00
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