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Biocon
BSE: 532523NSE: BIOCONISIN: INE376G01013

21st-Jan-2020 19:09Source: BSE

Biocon - Allotment Of Shares By Biocon Biologics India Limited ("BBIL") To Activ Pine LLP (An Affiliate Of True North Fund VI LLP)

Further to our intimation dated January 9, 2020, in relation to execution of a share subscription agreement (''SSA'') and a shareholder agreement (''SHA'') between Biocon Limited (the ''Company''), Biocon Biologics India Limited (''BBIL'') and Activ Pine LLP (an affiliate of True North Fund VI LLP), we wish to inform you that the subscription money aggregating to Rs. 536.25 Crores have been received by BBIL from Activ Pine LLP.

Consequently, the Board of BBIL has approved the allotment of 50,25,463 equity shares (Fifty Lakhs Twenty Five Thousand Four Hundred and Sixty Three Only) of Rs. 10 each at a price of Rs. 1,067.07 per equity share (including a premium of Rs. 1,057.07 per equity share) to Activ Pine LLP.

This intimation is being made in compliance with Regulations 30, read with Schedule III and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (''SEBI Listing Regulations'').

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