Biocon issues ₹1,800 crore commercial papers maturing in March 2026

Biocon Limited announced on December 22, 2025, the issuance of commercial papers (CP) totaling ₹1,800 crore. The CPs were issued on a private placement basis with a maturity date of March 20, 2026, representing a tenure of 88 days from the allotment date. The interest offered on these commercial papers is 6.85%.

The company confirmed that these commercial papers are proposed to be listed on the National Stock Exchange of India Limited. Biocon has received a credit rating of IND A1+ for this issuance. No specific charge or security has been created over the assets for this transaction. The issuance was made in favor of three entities: SBI Mutual Fund – SBI Liquid Fund, Axis Mutual Fund Trustee Ltd. A/c Axis Mutual Fund A/c Axis Liquid Fund, and Aditya Birla Sun Life Trustee Pvt Ltd A/c – Aditya Birla Sun Life Liquid Fund.

This announcement follows an earlier communication dated December 06, 2025. The company’s compliance officer, Rajesh U. Shanoy, confirmed the details of the issuance.