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Biocon Ltd. — Capital/Financing Update 2023
Feb 21, 2023
61176_rns_2023-02-21_2557ba27-8818-498a-b2e4-9292ae3dd1dc.pdf
Capital/Financing Update
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Biocon Limited 20th KM, Hosur Road Electronic City Bangalore 560 100, India T 91 80 2808 2808 F 91 80 2852 3423
CIN : L24234KA1978PLC003417
February 21, 2023
| To,The SecretaryBSE LimitedDepartment of Corporate ServicesPhiroze Jeejeebhoy Towers,Dalal Street,Mumbai – 400 001 | To,The SecretaryNational Stock Exchange of India LimitedCorporate Communication DepartmentExchange Plaza, Bandra Kurla ComplexMumbai – 400 050 |
|---|---|
| Scrip Code - 532523 | Scrip Symbol - BIOCON |
Subject: Allotment of Non-Convertible Debentures on private placement basis
Dear Sir/ Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to our letter dated November 14, 2022, we wish to inform you that the Company has issued and allotted unlisted, secured, rated, redeemable, non-convertible debentures of face value of INR 1,00,000/- (Rupees One Lakh only) each on private placement basis in 3 (three) Series, on the terms and conditions given below-
| Sl. No. | Particulars | Remarks |
|---|---|---|
| 1. | Type of securities issued / allotted (viz.equityshares,convertibles etc.) | Non-convertible debentures |
| 2. | Type of issuance (further public offering,rightsissue,depositoryreceipts(ADR/GDR),qualifiedinstitutionsplacement, preferential allotment etc.) | Private Placement |
| 3. | Total number of securities issued / allotted | 1,07,000 (One Lakh Seven Thousand) non-convertible debentures |
| 4. | Issue Size / the total amount for which thesecurities have been issued/allotted | Rs. 10,70,00,00,000/- (Rupees One ThousandSeventyCrore only) |
| 5. | Number of Investor | 1(One) |
| 6. | Name of Investor | Fund managed by Kotak Investment AdvisorsLimited |
| 7. | Outcome of the subscription | Fullysubscribed |
| 8. | Issue Price / Allotted Price per security | Rs.1,00,000/-pernon-convertibledebentures |
| 9. | Whether proposed to be listed?Ifyes,name of the stock exchange | No |
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| 10. | Tenure of the instrument | 5 (five) years from the deemed date ofallotment |
|---|---|---|
| 11. | Date of Allotment | February21,2023 |
| 12. | Date of Maturity | February21,2028 |
| 13. | Coupon/Interest offered | IRR of 12% p.a. plus variable coupon as perthe debenture trust deed |
| 14. | Schedule of payment of coupon/interestandprincipal | Upon Redemption |
| 15. | Charge/security, if any, created over theassets | First ranking exclusive charge by way ofpledge over specified number of equityshares of Biocon Biologics Limited held byBiocon Limited |
| 16. | Special rights/interest/privileges attachedto the instrument and changes thereof | Put options exercisable as per the terms ofthe debenture trust deed |
| 17. | Delay in payment of interest/ principalamount for a period of more than 3 monthsfrom the due date or default in payment ofinterest/principal | Not Applicable |
| 18. | Details of any letter or comments regardingpayment/non-paymentofinterest,principal on due dates, or any other matterconcerning the security and/or the assetsalongwith its comments thereon,if any | Not Applicable |
| 19. | Details of redemption of debentures | Redemption as per the terms of debenturetrust deed |
| 20. | Any cancellation or termination of proposalfor issuance of securities including reasonsthereof | Not Applicable |
The aforesaid information will also be available on the website of the Company at www.biocon.com.
We request you to take this on record.
Thanking You,
Yours faithfully,
For Biocon Limited
MAYA Digitally signed by MAYANK VERMA NK Date: 2023.02.21 VERMA 17:42:04 +05'30' _____________
Mayank Verma
Company Secretary and Compliance Officer Membership No.: ACS 18776