Biocon Acquires ₹3,153 Crore OCRPS in Wholly Owned Subsidiaries for Business Requirements
Published on: March 3, 2026, 11:14 p.m. | Source: scanx.trade
Biocon Limited acquired OCRPS worth ₹3,153.44 crore in wholly owned subsidiaries Biocon Biosphere Limited (₹1,153.44 crore) and Biocon Pharma Limited (₹2,000 crore) on March 03, 2026. The investments support business requirements, working capital, and capex needs of the subsidiaries, with transactions conducted at arm's length and exempt from related party provisions under SEBI regulations.
