Biocon: Raises ₹4,500 Crore via First QIP in Two Decades

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has successfully raised ₹4,500 crore through a Qualified Institutional Placement (QIP), marking its first equity fundraise since 2004. The company issued 13.63 crore shares at ₹330 each to institutional investors. Proceeds will be used to retire debt, buy back debentures, and support corporate needs.