Biocon Limited has informed the Exchange about early full redemption of NCDs by the Company
BIOCON · price
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Biocon Limited has completed the early full redemption of 50,000 unlisted, secured, rated, redeemable Non-Convertible Debentures (NCDs) of face value Rs. 1,00,000 each, aggregating to Rs. 500 Crores. These NCDs were originally issued on May 19, 2023 on a private placement basis. The Board had approved this early redemption on November 11, 2025, and the payment was made to debenture holders on January 05, 2026, well before the January 31, 2026 deadline. The company has now fully settled this debt obligation ahead of schedule.
This is a positive development for shareholders as it reduces Biocon's debt burden and interest expenses ahead of schedule, potentially improving its leverage profile and financial flexibility. It signals strong liquidity and a proactive approach to deleveraging.