Practice Area(s): Corporate / M&ASector(s) Pharma & Healthcare

Date of Announcement: 17 January 2022

Completion Date: 17 January 2022

Name of the Client: Glenmark Pharmaceuticals Limited

Counterparty: Eris Lifesciences Limited

Deal Description: Sale by Glenmark Pharmaceuticals Limited of certain dermatology brands (in India and Nepal) to Eris Lifesciences Limited.

Role of the Firm: Veritas Legal acted for and advised Glenmark Pharmaceuticals Limited in relation to the sale of certain dermatology brands (in India and Nepal) to Eris Lifesciences Limited.

Total Consideration: Approximately INR 340 crore (USD 41.66 mn)

Concerned Partners: Tushar Raut, Natasha Sethna

Concerned Senior Associates & Associates: Karun Jhangiani (Senior Associate), Avadhoot Potnis (Associate), Nishtha Goyal (Associate)

Other related Legal Advisors: Khaitan & Co. acted for Eris Lifesciences Limited