How many shares of Biocon Ltd is Mylan Inc planning to sell, and what is the maximum value of this stake in USD?

Mylan Inc plans to sell up to 92 million shares in Indian drugmaker Biocon Ltd, worth up to 34.81 billion Indian rupees, which equals $363 million based on the exchange rate of $1 = 95.6200 Indian rupees provided in the news.

What document confirms Mylan's plan to sell its Biocon stake, and how was it obtained?

The plan is confirmed in a term sheet, which was seen by Reuters—the news agency that reported the information.

Mylan to sell up to $363 million stake in India's Biocon, term sheet shows

Jul 13, 2026

Mylan Inc plans to sell up to 92 million shares in Indian drugmaker Biocon Ltd, valued at up to $363 million, according to a term sheet reviewed by Reuters.

reuters

2026-07-13

Mylan to sell up to $363 million stake in India's Biocon, term sheet shows

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