Biocon approves issuance of commercial papers up to INR 6bn

Bangalore-based Biocon (BSE: BIOCON) announced today that its Board of Directors has approved the issuance of Commercial Papers (CPs) up to an amount not exceeding INR 6 Billion. The decision was made during a board meeting held on April 4, 2025. The CPs will be issued in one or more tranches on a private placement basis. The company has indicated that the information will also be made available on their website, www.biocon.com. The board meeting commenced at 07:30 PM and concluded at 08:00 PM.