Biocon has announced the issuance of Commercial Papers (CP) totaling ₹200 Crores through private placement. The CPs have a tenure of 60 days and were allotted on January 02, 2026, with a maturity date of March 03, 2026. The coupon/interest rate offered is 6.80%. The CPs are proposed to be listed on the National Stock Exchange of India Limited. Credit rating for the same is IND A1+.
Commercial Paper Issuance
Biocon has successfully issued Commercial Papers (CP) amounting to ₹200 Crores on a private placement basis, as announced on January 02, 2026. The details of the issuance are outlined below.
Key Details of the CP Issue
The key specifics of the Commercial Paper issuance are as follows:
- Issue Size: ₹200 Crores
- Listing: Proposed to be listed on the National Stock Exchange of India Limited
- Tenure: 60 days
- Allotment Date: January 02, 2026
- Maturity Date: March 03, 2026
- Coupon/Interest Rate: 6.80%
- Interest Payment Schedule: March 03, 2026
- Security/Charge: None
- Issued In Favor Of:
- Kotak Mahindra Trustee Company Ltd A/C Kotak Low Duration Fund
- Kotak Mahindra Trustee Company Ltd A/C Kotak Floating Rate Fund
- Credit Rating: IND A1+
Source: BSE
