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The Economic Times
The Economic Times
Debaroti Adhikary

Biocon shares jump 6% as Mylan likely exits drugmaker after Rs 3,481 crore stake sale

Biocon Mylan Viatris India NSE United States

Shares of Biocon jumped more than 6% on Tuesday, on track to record the sharpest single day surge in 18 months, as Viatris-owned Mylan is set to sell up to 9.2 crore shares worth up to Rs 3,481 crore, exiting the Indian drugmaker.

Biocon shares jumped more than 6% to trade at Rs 436.15 apiece on Tuesday. If the stock manages to hold on to the gains till the end of the session, then today would mark its best day since January, 2025.

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