Biocon Ltd. has kicked off 2020 on a high, drawing private equity interest in its subsidiary Biocon Biologics India Ltd.
Biocon Biologics Gets True North Investment
Subsidiary Valued At $3bn As New Biosphere Unit Set Up
Private equity group True North continues to back the Biocon group and is picking up a minority stake in Biocon Biologics in a deal that values the subsidiary at $3bn. Separately, another subsidiary, Biocon Biosphere, has also been set up as part of efforts to unlock the full potential of the business.
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