rediff.com
REAL-TIME QUOTE
Enter Company or MF
e.g. Tata motors, Reliance MF, 500570
BIOCON LTD. - Biocon Ltd reply to Clarification sought by the exchange
< Back
15 Dec 2014
The Exchange has sought clarification from Biocon Ltd with respect to the media report in Economic Times dated December 15, 2014 stating &quot;Biocon plans to set up Mfg unit in Vizag&quot;&lt;BR&gt; &lt;BR&gt;Biocon Ltd is requested to clarify on :-&lt;BR&gt;&lt;BR&gt;1. Why the said news was not intimated in terms of clause 36 of the Listing Agreement&lt;BR&gt;2. What will be the impact on the revenue of the company post setting up of Mfg unit in Vizag&lt;BR&gt; &lt;BR&gt;Biocon Ltd replied stating &quot;We wish to clarify that the Company has been allotted land at Vizag in 2007 &amp; the Company is yet to set up manufacturing facility. We will intimate the exchanges with appropriate details in future when the firm plan to set up a Bio-manufacturing facility is taken by the Company.&quot;
View all announcements for BIOCON LTD. Source: BSE India