•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Khaitan opposite Amarchand on biggest domestic M&A: $324m Torrent-Elder sale

Khaitan & Co advised Mumbai-based pharma company Elder whose domestic formulation business was acquired by Ahmedabad-based drug major Torrent Pharmaceuticals for Rs 2,004 crore ($324m). Torrent was advised by Amarchand Mangaldas.

This is the largest domestic M&A in the pharma sector, according to VC Circle.

Khaitan partners Haigreve Khaitan and Bhavik Narsana with associate partner Mehul Shah, assisted by partners Devidas Banerji, Avaantika Kakkar, Sanjay Sanghvi, Adheesh Nargolkar and Sachin Mandlik, executive director Dinesh Agrawal and associate partner Kumar Saurabh Singh acted for Elder.

Amarchand Mumbai partner Shashikant Bhojani assisted by partners Nisha Kaur Uberoi, Delhi partner Ranjan Negi and Bangalore partner Rashmi Pradeep acted for Torrent.

The Indian pharmaceutical industry is going through a big phase of consolidation with many foreign companies looking at inbound acquisitions to increase their reach in India, and big Indian pharma companies looking at both domestic and cross border acquisitions, VC Circle added in its report.

Click to show 6 comments
at your own risk
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.