Biocon Limited — Updates, 20-06-2025: Press Release

Biocon has announced a board meeting to consider the financial results for the quarter and half-year. The company successfully raised Rs 4,500 crore via a Qualified Institutions Placement (QIP), its first equity fundraise since IPO in 2004, issuing over 13.6 crore shares at Rs 330 each. Proceeds will be used to buy convertible debentures from its subsidiary, repay debt, and for general corporate purposes. Strong participation from prominent domestic and international investors underscores confidence in Biocon’s growth and innovation strategy. Promoter holding post-issue stands at 54.45%.