Biocon launched ₹ 4500 crore QIP, how much has been kept Floor Price – Biocon Launches Proposed QIP to Raise Up to Rs 4500 Crore with Floor Price of Rs 340 20 Per Share

Kiran Majumdar Shaw’s bio-pharmacical company Biocon Limited (Biocon LTD) launched its qualified Institutional Placement (QIP) on 16 June. With its help, the company is preparing to raise up to Rs 4,500 crore. The floor price is kept at Rs 340.20 per share. The stock markets have been told that the company may offer a discount…