India's Biocon Biologics to receive $150m from Goldman Sachs

Fresh infusion follows Tata's pledge of $30m

20201111 India biotechnology Biocon

Employees of parent Biocon work inside the company's research and development facility in Bangalore, India. © Reuters

PRAMUGDHA MAMGAIN, DealStreetAsia

NEW DELHI -- Biocon Biologics, a subsidiary of Indian biotech giant Biocon, has secured board approval for an investment of $150 million from U.S.-based investment bank Goldman Sachs.

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