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Biocon to fully acquire Biologics subsidiary; plans $500 mn fundraise
December 07, 2025
|The New Indian Express Bhubaneswar
BIOCON Limited on Saturday announced that it will fully integrate its subsidiary, Biocon Biologics Limited (BBL), making it a wholly owned subsidiary of Biocon Limited.
This move, which values Biocon Biologics at $5.5 billion, is designed to create a unified global biopharmaceutical leader by simplifying the corporate structure and combining the strengths of the generics and biosimilars businesses.
The integration involves Biocon acquiring the remaining minority stakes in BBL through a combination of share swaps and cash payments. Biocon will acquire the stakes held by Serum Institute Life Sciences (Serum), Tata Capital Growth Fund II (Tata Capital), and Activ Pine LLP (Activ Pine) through a share swap of 70.28 Biocon shares for every 100 Biocon Biologics shares.
هذه القصة من طبعة December 07, 2025 من The New Indian Express Bhubaneswar.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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المزيد من القصص من The New Indian Express Bhubaneswar
The New Indian Express Bhubaneswar
Almost a quarter of real estate buyers in Dubai are NRIs
WITH the new property ownership norms under which the Dubai government has allowed foreigners to own residential and commercial properties on a freehold basis, the real estate market in the city-state has seen a major shift and almost a quarter of units have been snapped up by NRIs.
2 mins
December 12, 2025
The New Indian Express Bhubaneswar
Don launches 'Gold Card' for US citizenship wannabes
US President Donald Trump announced the launch of a million-dollar ‘Gold Card’ offering a pathway for immigrants to US citizenship, saying that it is a ‘shame’ that students from India and China have to go back to home countries.
1 min
December 12, 2025
The New Indian Express Bhubaneswar
Over 600 British Empire artefacts stolen from museum, say police
MORE than 600 items from a collection documenting the links between Britain and countries in the former British Empire were stolen from a UK museum in September, police said Thursday.
1 min
December 12, 2025
The New Indian Express Bhubaneswar
India faces $131-bn deficit with 6 FTA partners
AS India is aggressively pursuing free trade agreement (FTA) negotiations with several countries and regions, the country has a combined trade deficit of more than $131 billion with six of the 11 regions it is actively involved in negotiations, revealed the data from the Ministry of Commerce.
1 mins
December 12, 2025
The New Indian Express Bhubaneswar
ACCESS FOR DISABLED MUST COVER ALL SPACES
THE Supreme Court's December 2 judgement on ensuring full accessibility for persons with disabilities inside prisons is far more than a routine legal directive.
1 mins
December 12, 2025
The New Indian Express Bhubaneswar
Luthra brothers detained in Thailand, Delhi court dismisses anticipatory bail
SAURABH Luthra and Gaurav Luthra, the co-owners of the Goa restaurant where 25 were killed due a fire incident on Saturday, were detained by the Thailand police early on Thursday on the request of the Indian government.
1 min
December 12, 2025
The New Indian Express Bhubaneswar
FIFA WC 2026: Amul to sponsor Argentina again
AMUL, the world’s largest dairy cooperative and India’s leading food brand, has extended its partnership with the Argentina Football Association (AFA) for another season, continuing as the Official Regional Sponsor of the reigning FIFA World Cup champions.
1 min
December 12, 2025
The New Indian Express Bhubaneswar
Modi’s 3-nation tour to Oman, Jordan & Ethiopia soon, trade deal expected
PRIME Minister Narendra Modi will embark on a three-nation tour from December 15 to 18, with stops in Jordan, Ethiopia and Oman, a visit aimed at deepening India’s strategic footprint across West Asia and Africa and sealing a major free trade agreement with Oman.
1 min
December 12, 2025
The New Indian Express Bhubaneswar
Maha debt moves up from ₹7.8L cr to 9.3L cr this year
WITH continuous high-interest borrowing and the tabling of over additional %75,000 crore supplementary demands in the ongoing Maharashtra Assembly, the cumulative debt burden of Maharashtra is projected to go up from 27.82 lakh crore in 2024—25 to €9.32 lakh crore by the end of the current financial year.
1 mins
December 12, 2025
The New Indian Express Bhubaneswar
Top leader surrenders in MP, Naxals on back foot
TWO Naxalites carrying cumulative rewards of 43 lakh on their heads surrendered before the security forces in Madhya Pradesh’s Balaghat district on Thursday.
1 min
December 12, 2025
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