Biocon to acquire 26 per cent stake in Hinduja Renewables Two

Biotechnology major Biocon has inked an agreement for the acquisition of 26 per cent stake on a fully diluted basis in Hinduja Renewables Two Private Limited for Rs 59.1 million.  

The indicative time period for completion of the acquisition is December 15, 2020. The objective of the stake acquisition is to enhance the renewable-based power consumption.