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