FilingReader Intelligence

Biocon completes INR 45bn qualified institutions placement

June 27, 2025 at 09:57 AM UTCBy 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

BSE:BIOCONBombay Stock Exchange

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