VERIFIEDET Markets·9 Sept 2026positive

Biocon shares rise 3% after Rs 638-crore block deal; Active Pine likely seller

AI Summary

·Biocon shares increased by 3% following a block deal of approximately 1.65 crore shares.
·Investor Active Pine was reportedly considering selling up to 1.66 crore shares, representing about 1% of the company's stake.
·The potential sale was valued at around Rs 638 crore, with a floor price of Rs 385 per share.