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Biocon acquires OCRPS of Biocon Biosphere, Biocon Pharma for ₹315 crore

Biocon acquires OCRPS of Biocon Biosphere, Biocon Pharma for ₹315 crore

Biocon Ltd has completed the acquisition of OCRPS in its wholly owned subsidiaries. It bought 11.53 crore OCRPS of Biocon Biosphere Ltd for ₹115.34 crore (₹20 crore in cash, ₹95.34 crore via earlier loans and interest) and 20 crore OCRPS of Biocon Pharma Ltd for ₹200 crore in cash. Post-acquisition, Biocon holds 100% of paid-up capital in both subsidiaries.

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