Biocon establishes wholly-owned subsidiary in Malaysia
DSIJ Intelligence / 11 Aug 2017
Shares of Biocon soared by over 2% after the company reported that it has incorporated a wholly-owned subsidiary , Biocon Healthcare SDN BHD, in Malaysia, which was registered with Registrar of Companies, Malaysia on Thursday.
Shares of Biocon soared by over 2% after the company reported that it has incorporated a wholly-owned subsidiary , Biocon Healthcare SDN BHD, in Malaysia, which was registered with Registrar of Companies, Malaysia on Thursday.
Biocon Healthcare SDN BHD is incorporated as a wholly-owned subsidiary of the company for business purposes in that region.
Meanwhile, the stock was trading higher by 1.91% at Rs 338 per share on the BSE at 1218 hours. It opened at Rs 330.05 per share and touched its intraday high and low at Rs 340.50 and Rs 324.30 per share respectively. It attracted total traded volume of 10,40,939 shares and traded value of Rs 3,471.43 lakh on the NSE at 1221 hours. Its 52-week high stood at Rs 438.85 (July 19, 2017) and low at Rs 268.13 (November 9, 2016).
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