Support: +91-22-61011756 /
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Tata Capital to acquire minority stake in Biocon Biologics

Friday, 31 Jul 2020
Share this on :
Tata Capital is set to pick up a minority 0.85 percent stake for USD 30 million in Biocon Biologics. The new round of equity infusion will happen at a valuation of around USD 3.5 billion for Biocon Biologics.

Through prudent investments in R&D and high-quality manufacturing infrastructure, the company aims to achieve serving five million patients through the biosimilars portfolio and a target revenue of USD one billion in FY22.

Post the completion of the transaction, Biocon will hold 95.25 percent stake in Biocon Biologics.

The fund infusion by Tata Capital is part of a larger USD 200-300 million round the company plans to raise over the next few months as it is planning to float an IPO in the next three years to unlock the value in the subsidiary.

Biocon Biologics is in talks with few other private equity firms interested in acquiring a minority stake in the company,.

Biocon Biologics currently has a product pipeline of 28 molecules, of which it partners with Mylan for 11 of them. Overall, the company is targeting to have at least eight biosimilars being sold in developed markets by the end of FY22 addressing a market opportunity of USD 33 billion.

Biocon Biologics is seeking to continue to deliver at least three additional molecules between FY23 and FY25 and after which it is looking to launch two molecules per year.

Post Your Comments


Sign up to start your free trial

Are you...


Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services