Biocon to Raise Rs 600 Cr via Commercial Papers
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Biocon plans to raise up to Rs 600 crore through issuance of commercial papers in one or more tranches. The company has not disclosed the reason for raising capital.
Photograph: Kind courtesy Biocon
New Delhi, Apr 4 (PTI) Biotechnology firm Biocon on Friday said its board has approved to raise up to Rs 600 crore in one or more tranches on a private placement basis.
The company's board has approved issuance of commercial papers up to an amount not exceeding Rs 600 crore in one or more tranches on private placement basis, the company said in a regulatory filing.
It, however, did not disclose reasons for raising the capital.
The company's board has approved issuance of commercial papers up to an amount not exceeding Rs 600 crore in one or more tranches on private placement basis, the company said in a regulatory filing.
It, however, did not disclose reasons for raising the capital.
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