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Biocon Limited Announces Fundraising and Share Capital Increase

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Biocon Limited Announces Fundraising and Share Capital Increase

Confident Investing Starts Here:

An announcement from Biocon Limited ( (IN:BIOCON) ) is now available.

Biocon Limited’s board has approved a plan to raise up to ₹4,500 crores through various financial instruments, subject to necessary approvals. Additionally, the company plans to increase its authorized share capital to ₹7,00,00,00,000, with amendments to its Memorandum of Association, pending shareholder and regulatory approvals.

More about Biocon Limited

Biocon Limited is a biopharmaceutical company based in Bangalore, India. It specializes in the development and production of generic active pharmaceutical ingredients (APIs) and biosimilars, focusing on providing affordable healthcare solutions globally.

YTD Price Performance: -9.45%

Average Trading Volume: 134,391

Current Market Cap: 400.9B INR

See more insights into BIOCON stock on TipRanks’ Stock Analysis page.

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