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CCI approves merger by absorption of Covidshield Technologies into Biocon Biologics

The Competition Commission of India (CCI) on Thursday approved merger by absorption of Covidshield Technologies into Biocon Biologics in consideration for acquisition of approximately 15 per cent equity shareholding of Biocon Biologics by Serum Institute Life Sciences.
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Biocon announces merger of its arm with Serum Institute subsidiary

The company stated that there is no cash consideration involved but BBL will issue and allot 15 per cent equity shares to Serum on a fully diluted basis, subject to necessary approvals and sanctions. ....

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Stocks in Focus on September 17: Hindustan Copper, Banking Stocks, Biocon, Hero MotoCorp to NALCO; here are the 5 Newsmakers of the Day

At the stock markets, the S&P BSE Sensex advanced 417.96 points, or 0.7 per cent, to end at a fresh record high of 59,141.16 on Thursday, September 16, 2021. Get more Markets News and Business News on Zee Business. ....

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Biocon Biologics to offer 15 pc stake to Serum Institute Life Sciences at valuation of USD 4.9 billion

Bengaluru (Karnataka) [India], September 17 (ANI): Biocon Biologics Limited (BBL), a subsidiary of Biocon Ltd. and Serum Institute Life Sciences Private Limited (SILS) announced a strategic alliance on Thursday and BBL said it will offer around 15 per cent stake to SILS at a post-money valuation of about USD 4.9 billion. ....

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Biocon Biologics offers 15% stake to Serum Institute Life Sciences

The alliance will also develop antibodies in order to target diseases such as dengue, HIV etc. Both companies will enter Service Level Agreements (SLAs) for manufacturing and distribution of these vaccines and antibodies ....

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