Economic Laws Practice advised AFDIL on Lupin
The deal in cash is valued at Rs.325 crore
By : Legal Era
Update: 2022-04-26 06:00 GMT
Economic Laws Practice advised AFDIL on Lupin
The deal in cash is valued at Rs.325 crore
Anglo-French Drugs & Industries Limited (AFDIL), AFD Laboratories Private Limited and Abhay Kanoria have sold a portfolio of brands owned by them to Lupin Limited.
The deal is to take place in cash and the funds from the brand sale would be utilized towards research and development of newer brands and products and also for the up-gradation of its manufacturing facilities.
One of the best law firms in India, the Economic Laws Practice (ELP) advised AFDIL, AFD Laboratories and Abhay Kanoria on the deal.
The transaction team comprised Suhail Nathani (Managing Partner), Aakanksha Joshi (Partner), Taskeen Hamid (Counsel), Shenaya Ardeshir and Pranaav Gupta (Associates). On matters pertaining to indirect tax aspects, the team was led by Adarsh Somani (Partner) and assisted by Sahil Kothari (Principal Associate).