Biocon redeems ₹1,070 crore in non-convertible debentures early
Biocon Limited's board of directors, in a meeting held on October 1, 2025, approved the early full redemption of 1,07,000 unlisted, secured, rated, redeemable Non-Convertible Debentures (NCDs). These NCDs, each with a face value of ₹1,00,000, collectively amount to ₹1,070 crore. The debentures were originally issued and allotted by the company on a private placement basis on February 21, 2023.
The company confirmed that the payment for this early redemption has been made as of today, in accordance with agreements with the concerned debenture holders and the debenture trustee. This action follows an intimation dated September 28, 2025, made under Regulation 29(1)(h) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The board meeting commenced at 6:30 P.M. (IST) and concluded at 6:48 P.M. (IST), indicating a swift resolution on the matter.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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