Biocon Ltd. — M&A Activity 2019

Dec 26, 2019

December26,2019	www.biocon.com
ToThe ManagerBSELimitedDepartmentofCorporate ServicesPhiraze Jeejeebhoy Towers,Dalal Street,Mumbai-400001	ToThe Manager,National Stock ExchangeofIndia LimitedCorporate Communication DepartmentExchangePlaza,Sandra Kurla Complex,Mumbai-400 050
ScripCode- 532523	ScripSymbol- Biocon

S.No.	Particulars	Details
1	Nameofthe target entity, details inbriefsuchassize.turnover etc.	Biocon Biosphere LimitedShare Capital(a)Authorised Share Capital:Rs.50,00,00,000_1-_(b) Paid-up Capital:Rs.5,00,000/-Turnover: Nil (Yettocommencebusiness operations)
2	Whether the acquisitionwouldfall within relatedparty transaction(s) andwhetherthepromoter/promotergroup/group companies have anyinterest in theentitybeing acquired?Ifyes, natureofinterest and detailsthereofandwhetherthesameisdone at "arm's length"	NA

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		<$Bioc
3	Industryto whichtheentity beingacquired belongs;	Pharmaceutical
4	Objects and effectsofacquisition (includingbutnotlimited to, disclosureofreasonsforacquisitionoftarget entity,ifits businessisoutsidethemain lineofbusinessofthelisted entity);	The Companyhasincorporatedaswhollyowned subsidiary company.Thebusinessofsubsidiarycompanyisin linewiththe mainbusiness activitiesoftheCompany
5	Brief detailsofany governmentalorregulatoryapprovals requiredfortheacquisition;	The Corporate IdentityNumber('CIN')oftheCompanyisU24304KA2019PLC130965, issuedbyMinistryofCorporate Affairs,GovernmentofIndia.
6	Indicativetimeperiodforcompletionoftheacquisition;	NA
7	Natureofconsideration-whethercashconsiderationorshare swap and detailsofthesame;	Cash
8	Costofacquisitionorthe price at whichthesharesare acquired;	Rs.5,00,000/-(50,000equitysharesofRs.10/-each)
9	Percentageofshareholding_I_control acquired and_I_ornumberofshares acquired;	100%
10	Brief background abouttheentityacquired in termsofproducts/lineofbusiness acquired, dateofincorporation, historyoflast 3 years turnover,country in whichtheacquiredentityhas presenceand any othersignificant information(in brief);	BioconBiosphereLimitedisincorporatedwithRegistrarofCompanies, Bengaluru, Karnataka,on December 24, 2019 andisyettocommence its business operations.

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