Corporate News 11-Mar-22
Syngene International receives ratings action from CRISIL
Syngene International announced that CRISIL has placed its ‘CRISIL AA+' rating on the long-term bank facilities of the Company on 'Watch with Developing Implications' following the rating action on the long term debt facilities of the holding Company, Biocon. The rating on the short-term bank facilities has been reaffirmed at 'CRISIL A1+'. Biocon's subsidiary and Syngene's fellow subsidiary, Biocon Biologics (‘BBL') announced the acquisition of the biosimilar assets of US-based Viatris Inc. for a total consideration of USD 3.335 billion, including cash up to USD 2.335 billion and compulsorily convertible preference shares (CCPS) in BBL of USD 1 billion. The upfront cash payment of USD 2 billion is expected to be funded by ~USD 800 million raised through equity infusion in BBL and the remainder is to be funded by debt.
Previous News
Syngene International consolidated net profit declines 18.95% in the June 2024 quarter
( Results - Announcements 24-Jul-24 16:19 )
Board of Syngene International recommends Final Dividend
( Corporate News - 27-Apr-23 10:09 )
Syngene International announces board meeting date
( Corporate News - 07-Apr-23 19:46 )
Syngene International consolidated net profit rises 20.91% in the March 2023 quarter
( Results - Announcements 27-Apr-23 07:42 )
Syngene International fixes record date for dividend
( Market Beat - Reports 03-May-17 17:46 )
Syngene International Ltd Surges 8.86%
( Hot Pursuit - 16-Jul-21 09:30 )
Syngene International to convene board meeting
( Corporate News - 23-Apr-20 09:37 )
Syngene International standalone net profit rises 28.33% in the June 2016 quarter
( Results - Announcements 22-Jul-16 14:39 )
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( Results - Announcements 21-Oct-15 11:44 )
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( Corporate News - 05-Apr-22 13:59 )
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( Corporate News - 01-Apr-24 17:38 )
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