With reference to the earlier Press Release dated September 18, 2014, Biocon Ltd has now informed BSE that M/s. Silver Leaf Oak (Mauritius) Limited has assigned its rights and obligations for acquisition of 10% stake in Syngene International Limited ('Syngene') to M/s IVF Trustee Company Private Limited ('IVF'), a fund advised by India Value Fund Advisors. Biocon Research Limited, a wholly owned subsidiary of the Company has concluded such sale to IVF. Post conclusion of the above, Biocon and BRL jointly hold 85.54% stake in Syngene.
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