Biocon Sees ₹638 Crore Block Deal as Investor Trims Stake

Activ Pine LLP sold 1.65 crore Biocon shares at ₹385 apiece in a ₹638 crore block deal, with the stake acquired by leading institutional investors. Biocon Ltd. (NSE:

) witnessed a major block deal involving 1.65 crore equity shares, representing a 1.02% stake, at ₹385 per share. The transaction was valued at approximately ₹638.37 crore. Biocon's stock price traded at nearly a four-month low today, highlighting continued weakness in the share price. Activ Pine LLP, an affiliate of private equity firm True North, was the seller. As of June 2026, Activ Pine LLP held 1.76 crore Biocon shares, or a 1.08% stake, making this transaction a substantial reduction in its reported holding. The shares were acquired by 12 global and domestic institutional investors, including ICICI Prudential Mutual Fund, SBI Mutual Fund, Kotak Mahindra AMC, Aditya Birla Sun Life AMC, BNP Paribas Arbitrage, Citigroup Global Markets Singapore, WhiteOak Capital Mutual Fund, ICICI Prudential Life Insurance Company, Bajaj Life Insurance, Societe Generale, Edelweiss Mutual Fund, and Norges Bank on behalf of the Government Pension Fund Global. The transaction highlights strong institutional participation in Biocon's equity. However, block and bulk deals alone should not be viewed as definitive indicators of future share-price performance. Investors may consider evaluating company fundamentals, valuations, sector trends, and broader market conditions alongside such transactions before forming an investment view. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.