Biocon Limited — JV/Acquisition, 07-08-2025: Acquisition

Biocon Limited is investing up to Rs. 1.40 Cr to acquire a 26% stake in Pro-zeal Green Power Sixteen Private Limited (PGPSPL). This strategic move aims to enhance Biocon's renewable power consumption by securing a captive off-site solar energy supply. PGPSPL will establish a 3 MW (AC) solar power plant in Telangana, aligning with Biocon's focus on green energy. The acquisition supports Biocon's energy needs and transitions PGPSPL into an associate company, ensuring a stable and sustainable power source. This streamlines energy costs and boosts environmental efforts.