Biocon concludes a Rs 4,500 crore equity fundraise through QIP
The proceeds from the QIP will be utiized for purchase of outstanding optionally convertible debentures
The proceeds from the QIP will be utiized for purchase of outstanding optionally convertible debentures
The Issue opened on June 18, 2024 and closed on June 21, 2024
With this QIP placement, the Dhanuka group, which took over the company in 2018, is also meeting its mandatory obligation to dilute 15 percent stake in the company by March 2023
The quarter included three IPOs worth US$ 428 million and one Qualified Institutional Placement (QIP) worth US$ 88 million
Revenue from operations rose 14.8 per cent year-on-year to Rs. 3,942 crore
The company is making its mark through strategic initiatives, promising to become a significant presence in the evolving pharmaceutical sector
Morepen Labs successfully raised Rs. 200 Crore through QIP
Acute therapies continue to report strong growth compared to chronic ones.
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