Biocon redeems commercial papers worth INR 570 crores

Biocon announced on April 29, 2025, that it has successfully redeemed its commercial papers valued at INR 570 Crores. In a filing with the BSE and National Stock Exchange of India, Biocon stated the redemption was completed as per SEBI regulations outlined in circular SEBI/HO/DDHS/PoD1/P/CIR/2024/54. The maturity date and date of payment for ISIN INE376G14024 are both April 29, 2025. The announcement confirms the company has fulfilled its payment obligations related to these securities.