Shares of Sanofi India declined more than 2 percent intraday on September 11 after the company approved sale of its Ankleshwar unit. The company board approved a transaction for the slump sale and transfer of its manufacturing facility at Ankleshwar, Gujarat to Zentiva and its legal entity in India, Zentiva Private Limited for a consideration of Rs 261.7 crore, subject to customary working capital adjustments.
— Moneycontrol
Khaitan & Co advised Zentiva Group led by a core transaction team of partner Surbhi Kejriwal, senior associate Varun Narayan, associate Kanika Mathew; due diligence included principal associate Shantanu Gupta, senior associate Sneha Oak Joshi, associate Srijanee Bhattacherjee; on employment and labour aspects advised partner Anshul Prakash, senior associate Abhimanyu Pal; on regulatory aspects was partner Atul Pandey, and senior associate Hirak Mukhopadhyay.
Update 14 May 2020: Talwar Thakore & Associates (TT&A) advised Sanofi India Limited led by a team including partner Kunal Thakore and senior associate Rebha Dakshini.
2019-09-11
Deal value: USD 36 million
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3 Partners, 1 PA, 4 SAs, 1 Associate on the credit roll.
Separate teams for Transaction, DD, Labour, Regulatory.
While seller had its own (credible) counsel.
Seems very top heavy.
Also if you have an idea of how deals work, sell-side deal team will involve lesser people.
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