Image Source: KNN India
Biocon Limited has completed the acquisition of the remaining 7.18 crore equity shares of Biocon Biologics Limited (BBL) from Mylan Inc. for USD 200 million. This follows an earlier tranche of equal size acquired in January 2026. With this, Biocon now holds nearly 98% of BBL’s equity capital.
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Biocon Limited has announced the successful completion of its acquisition of Biocon Biologics Limited (BBL) shares from Mylan Inc., marking a significant milestone in its strategic consolidation. The move strengthens Biocon’s control over its biologics subsidiary, positioning it for greater operational flexibility and long-term growth.
Key Highlights
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Completion of acquisition of 7,18,34,691 equity shares of Biocon Biologics Limited (BBL) from Mylan Inc. on January 21, 2026
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Cash consideration of USD 200 million paid for this tranche
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This follows the earlier acquisition of 7,18,34,691 shares completed on January 05, 2026 for USD 200 million
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Total acquisition amounts to 14,36,69,382 equity shares for USD 400 million
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Post-acquisition, Biocon Limited now holds approximately 98% of BBL’s paid-up equity share capital on a fully diluted basis
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The consolidation enhances Biocon’s strategic control over BBL, enabling stronger focus on biologics innovation and global expansion
Sources: Biocon Limited stock exchange filing
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