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Indus, N South Law on Cipla's $13m Percos purchase

Indus Law advised India’s third-largest drug maker Cipla on its Rs 90 crore ($13m) buy of cosmetics maker Percos india’s brand rights. Percos was advised by N South Law Associates.

Indus partner Nishant Singh, senior associate Aditi Verma Thakur and associates Vaibhav Ganjiwale, Ramya Sridhar and Chhavi Jhanji acted for Cipla on the deal which, according to Business Today was valued at Rs 90 crore.

N South Law partner Inderraj Gill acted for Percos India which manufactures a wide array of skin care products.

According to the agreement signed by the two companies, Percos will continue to manufacture the products for five years, after which the rights will be transferred to Cipla, as confirmed by the Economic Times.

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