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Mundkur, Vaish on $2.5m Indo-Japan pharma JV

Vaish Associates advised Japanese drug company Rohto Pharmaceutical in buying 40 per cent stake in Deep Care Health which was advised by Mundkur Law Partners.

Vaish Gurgaon partner Hitender Mehta with principal associate Akshay Saxena and senior associate Pratyush Khurana acted for Rohto, which bought the stake for Rs 15.33 crore after a September 2013 Foreign Investment Promotion Board (FIPB) approval, according to the Press Information Bureau.

Mundkur managing partner Ramanand Mundkur partner acted for Deep which forms a joint venture with Rohto to manufacture and deal in prescription and over-the-counter ophthalmological drugs.

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