India: Goldman Sachs to invest $150m in Biocon Biologics

India: Goldman Sachs to invest $150m in Biocon Biologics

Biocon Chairperson Kiran Mazumdar-Shaw. Photo: Reuters

Biocon Biologics, a subsidiary of biotechnology major Biocon Ltd, has secured its board’s approval for an investment of $150 million (Rs 1,125 crore) from US-based investment bank Goldman Sachs.