Biocon Limited Issues Commercial Papers Worth ₹200 Crore
Biocon Limited has announced the issuance of Commercial Papers (CP) worth ₹200 Crore on a private placement basis. The issuance, which is proposed to be listed on the National Stock Exchange of India ...
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Why is Biocon Limited in the news today?
Biocon Limited (BIOCON) is in the news due to the issuance of commercial papers is a routine financing activity and does not inherently indicate positive or negative performance. the terms are standard for such instruments.
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Biocon Limited Issues Commercial Papers Worth ₹200 Crore
January 2, 2026, 11:20 AM
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Biocon Limited has announced the issuance of Commercial Papers (CP) worth ₹200 Crore on a private placement basis. The issuance, which is proposed to be listed on the National Stock Exchange of India Limited, has a tenure of 60 days.
The allotment date for these Commercial Papers was January 02, 2026, with a maturity date of March 03, 2026. The coupon or interest offered is 6.80%, with the principal and interest payment scheduled for March 03, 2026. No charge or security has been created over the assets for this issuance.
The Commercial Papers have been issued in favor of Kotak Mahindra Trustee Company Ltd, specifically for the Kotak Low Duration Fund and the Kotak Floating Rate Fund. The credit rating for these papers is IND A1+. This information is a continuation of a previous letter dated November 11, 2025, and will be available on the company's website.
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