“FMCG major Hindustan Unilever Limited (HUL) on Monday said it will buy GlaxoSmithKline’s Indian Horlicks nutrition business for around $3.8 billion, boosting the consumer goods group’s position in a key emerging market,” reported Firstpost today. The deal covers GlaxoSmithKline Consumer Healthcare, which includes the Horlicks brand and businesses in India, Bangladesh and 20 other markets, mostly in Asia.
Cyril Amarchand Mangaldas managing partner Cyril Shroff and partners Nivedita Rao and Ramgovind Kurupath acted for Hindustan Unilever, alongside partner Ranjan Negi for IP issues, partner Bharat Bhudolia for competition law and partner Daksha Baxi on tax aspects.
AZB & Partners Delhi partner Vinati Kastia, assisted by managing partner Ajay Bahl and partner Ravi Prakash on tax aspects, acted for GlaxoSmithKline. Also advising was partner Daksh Trivedi and counsel Bharat Apte, and lawyers Ankit Tandon, Ayush Tandon, Aman Jain.
Baker & McKenzie acted for Hindustan Unilever on international aspects of the deal.
Slaughter and May acted for GlaxoSmithKline on UK advice.
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.
Click to show comments
at your own risk
(alt+c)
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.
threads most popular
thread most upvoted
comment newest
first oldest
first
And hey... have you seen the recent Chambers rankings?
The undisputed leader is clear, baba!
Preffered counsel- Delusional much?
Slogging away for months ... Pish posh ....
Get over your colonial hangover Sis - the last time the English cames near the Companies Act, it was 1913. A lot of water has flown under London bridge since then.
Indian lawyers at CAM and AZB - FTW.
threads most popular
thread most upvoted
comment newest
first oldest
first