CCI approves Serum Institute Life Sciences-Biocon Biologics deal
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New Delhi: The Competition Commission of India (CCI) has approved a proposed deal involving Serum Institute Life Sciences, Covidshield Technologies and Biocon Biologics. Once the deal is complete, Serum Institute Life Sciences Pvt Ltd will have about a 15 per cent stake in Biocon Biologics Ltd, according to the notice filed with the regulator.
Covidshield Technologies Pvt Ltd (CTPL), a wholly-owned subsidiary of Serum Institute of Life Sciences, will be merged into Biocon Biologics.
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