FilingReader Intelligence
Biocon completes INR 45bn qualified institutions placement
June 27, 2025 at 09:57 AM UTC•By FilingReader AI
Biocon (BSE: 532523) announced the successful closure of its qualified institutions placement (QIP) on June 19, 2025, issuing 136,363,635 equity shares at a price of INR 330 per share, including a premium of INR 325. This issuance brings the total capital raised to INR 45 billion. The issue opened on June 16, 2025. The Fund Raising Committee approved the allotment during its meeting on June 19, which commenced at 7:30 PM and concluded at 7:45 PM.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
BSE:BIOCON•Bombay Stock Exchange
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