Biocon Founder Kiran Mazumdar-Shaw

Photo: India Legal

Goldman Sachs Invests Rs 1,125 Crore In Bengaluru-based Biocon Biologics

Bengaluru-based biopharmaceutical company Biocon on October 7 announced an injection of capital worth Rs 1,125 crore ($150 million) by investment giant Goldman Sachs in its subsidiary Biocon Biologics. Goldman will be issued an Optionally Convertible Debentures in return of the investment. The capitalization will help Biocon Biologics invest in its R&D and manufacturing and further expansion in the global market. Interestingly, this is the biggest-ever investment the company has received.

Sat, 07 Nov 2020 - 06:18 PM / by Dharshana Vijayan

Tags
GOLDMAN SACHS
Biocon Biologics
bengaluru
Investment
Courtesy
The Times of India

You May Like

Electric Vehicles

UK Seeks Custom Duty Cut On Electric Vehicles Amid Discussion With India

 The UK is pushing for a cut in customs duty on electric vehicles in the ongoing negotiations for signing a free-trade deal with India, a senior official confirmed. At present there is a customs duty of 60 per cent on imported cars priced below $… read-more

TAGS: India-UK Free Trade Deal, PM Modi, PM Rishi Sunak, Electric Vehicles

Elon Musk

X To Be Dating App, Elon Musk Aims To Make Platform All-Feature Platform?

With the aim of making X, formerly known as Twitter, an all-app platform, Tesla CEO and X owner Elon Musk announced that X would soon be announced as a dating platform. Interestingly, the speculations of X being a relationship platform came after… read-more

TAGS: X Platform, Dating App, Elon Musk, Technology, Finance

RBI Governor

Attrition High For Pvt Sector Banks, RBI Monitoring Issue: Governor Das

 

Attrition at some private sector banks is "high" and the RBI is "closely" looking at the issue, Governor Shaktikanta Das said on Tuesday. Speaking at the annual BFSI Insight Summit organized by the Business Standard, Das said this is an… read-more

TAGS: RBI, Attrition

Mark Zuckerberg-Elon Musk

Elon Musk Offers $1 Billion To Zuckerberg, If He Changes Name To

Elon Musk is once again caught attention of netizens for his bizarre suggestions to Mark Zuckerberg, the founder of Facebook. In a tweet, Elon Musk said, he will pay $1 billion to Facebook owner, if he changes the name to Faceboob. The response… read-more

TAGS: Facebook, Mark Zuckerberg, Elon Musk, Name Change, Tesla CEO

Manoranjan Mishra

RBI Appoints Manoranjan Mishra As Executive Director

The Reserve Bank of India (RBI) has appointed Manoranjan Mishra as Executive Director. As the Executive Director (ED), Manoranjan Mishra will look after the Enforcement Department, Risk Monitoring Department, and Department of External… read-more

TAGS: RBI, manoranjan mishra, RBI Executive Director, Economic Graduate, National

Gangster Purchase Benami Asset

Gangster Atiq Ahmed's Benami Property, Purchased In Name Of Mason Attached

Slain gangster-politician Atiq Ahmed's Benami Property, worth Rs 12.5 crore was attached by the Uttar Pradesh Police in Prayagraj's Katahula area on Monday. The confiscated land was spread across 5.0510 hectares, and was purchased and registered… read-more

TAGS: Benami Asset, Land, Farmers, gangster atiq ahmed, Uttar Pradesh