Biocon Raises ₹45 Billion Via QIP At ₹330 Per Share, Closes Issue

Biocon Ltd. on Thursday said it has closed its qualified institutional placement of shares, raising ₹45 billion after receiving application forms and funds from eligible buyers.

The board approved allotment of 136.36 million shares at ₹330 each, a ₹10.20 discount to the floor price of ₹340.20. The issue includes a premium of ₹325 per share.