Biocon has announced the issuance of Commercial Papers (CP) amounting to ₹1,800 Crores on a private placement basis. The CPs have a tenure of 88 days, were allotted on December 22, 2025, and will mature on March 20, 2026. The coupon/interest rate offered is 6.85%. These CPs are proposed to be listed on the National Stock Exchange of India Limited and are issued in favor of several mutual funds.
Commercial Paper Issuance
Biocon has issued Commercial Papers (CP) worth ₹1,800 Crores through private placement.
Key Details of the CP Issue
Here’s a breakdown of the key terms and conditions:
- Issue Size: ₹1,800 Crores
- Listing: Proposed to be listed on the National Stock Exchange of India Limited
- Tenure: 88 days
- Date of Allotment: December 22, 2025
- Date of Maturity: March 20, 2026
- Coupon/Interest Rate: 6.85%
- Payment Schedule: Coupon and principal payable on March 20, 2026
- Charge/Security: None
Beneficiaries of the CP Issue
The Commercial Papers have been issued in favor of:
- SBI Mutual Fund – SBI Liquid Fund
- Axis Mutual Fund Trustee Ltd. A/c Axis Mutual Fund A/c Axis Liquid Fund
- Aditya Birla Sun Life Trustee Pvt Ltd A/c – Aditya Birla Sun Life Liquid Fund
Source: BSE