Biocon Limited's Fund Raising Committee, at its meeting held on Monday, June 16, 2025, authorized the opening of its Qualified Institutions Placement (QIP) for equity shares.
This QIP follows approvals from the Board of Directors on April 23, 2025, and shareholders via postal ballot on June 04, 2025.
The committee approved the floor price for the Issue at ₹ 340.20 per Equity Share, determined as per SEBI ICDR Regulations.
The company reserves the discretion to offer a discount of not more than 5% on the stated floor price.
The final Issue price will be determined in consultation with the appointed Book Running Lead Managers.
The preliminary placement document dated June 16, 2025, along with the application form, has been approved and adopted.
The trading window for dealing in the company's securities has been closed until further notice for the purpose of this Issue.