You are here: Home » Companies » News
Business Standard

Biocon gets shareholders' nod for transfer of biosimilars business

The regulatory filing to the BSE added that Biocon Biologics India is a step down wholly owned subsidiary of the company

Press Trust of India  |  New Delhi 

Biocon
Biocon

major said it has received shareholders' approval to the resolution for transfer of biosimilars business by way of a slump sale to group entity Biologics "The resolution for transfer of Biosimilars business of the company by way of a slump sale as 'Going Concern' to Biologics Ltd... has been passed by the members of the company with requisite majority," said. The regulatory filing to the added that Biologics is a step down wholly owned subsidiary of the company. The special resolution was passed with 99.99 per cent of votes polled through postal ballot, it added. of today closed down 0.12 per cent at Rs 521.60 per scrip on

First Published: Fri, December 08 2017. 20:38 IST
RECOMMENDED FOR YOU