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Shardul Amarchand Mangaldas advised Eris Lifesciences Limited in relation to acquisition of India business of Strides Shasun Limited, including acquisition of 100% stake in Strides Healthcare Private Limited. As a part of the transaction, Eris Lifesciences Limited would acquire the domestic branded generics business of Strides Shasun Limited through a business transfer of the Undertaking from Strides Shasun Limited, and acquisition of 100% shares of Strides Healthcare Private Limited in which certain brands of the Undertaking are housed.
The transaction team was led by Mr. Amit Khansaheb and Mr. Roshan Thomas, Partners; and included Mr. Prateek Lala, Senior Associate; Mr. Hardik Bhatia, Senior Associate; Ms. Alekhya Donepudi, Associate; Mr. Christopher Rao, Associate and Ms. Rimjhim Khandelwal, Associate.
The parties involved in the transaction were Eris Lifesciences Limited (our client); Strides Shasun Limited (counterparty); and Strides Healthcare Private Limited (counterparty).
Other advisors to the transaction were Ernst & Young (investment advisor for Eris Lifesciences Limited); MAPE Advisory Group (acted as investment advisor) and Tatva Legal (acted as legal advisor for Strides Shasun Limited).
The value of the deal is USD 75,000,000 (appox.)
The deal was signed on November 18, 2017 and is expected to close by November 30, 2017 (subject to completion of customary conditions precedent)
About Shardul Amarchand Mangaldas & Co.
Shardul Amarchand Mangaldas & Co. (SAM & Co.), founded on almost a century of legal achievement, is one of India's leading full-service law firms. The firm's mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance and projects & infrastructure.
We have a pan-India presence and we have been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 521 lawyers, including 103 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru and Chennai.
