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Concord Biotech up 33 percent in debut, nets over USD 1 billion in valuation
Bengaluru: Shares of India's Concord Biotech climbed as much as 33.3 per cent in their market debut on Friday, valuing the biopharma company at more than 103 billion rupees ($1.24 billion).The Ahmedabad, Gujarat-based company opened at 900.05 rupees, a 21 per cent premium compared with its initial public offer (IPO) price of 741 rupees. It stayed above that mark through the morning...
Bengaluru: Shares of India's Concord Biotech climbed as much as 33.3 per cent in their market debut on Friday, valuing the biopharma company at more than 103 billion rupees ($1.24 billion).
Ruchika Sharma joined Medical Dialogue as an Desk Editor for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751