Healthcare Temasek Holdings, True North-CPPIB look to buy stake in Biocon subsidiary, says report Updated : August 21, 2019 09:20 AM IST The subsidiary of Kiran Mazumdar Shaw-owned Biocon may be valued at Rs 28,000 crore, the report said. This value would be higher than the Rs 26,000 crore market cap of Biocon. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.