Shardul Amarchand Mangaldas advised Eris Lifesciences Limited (“Eris”) on its acquisition of Dermatology and Nephrology branded formulations business units of Biocon Biologics Limited (“Biocon”) in India. The deal is valued at approximately INR 366 crores and the date of closing the deal was 10 November 2023.
This acquisition marks the entry of Eris into Nephrology, and also enables Eris to consolidate its position in Dermatology.
The transaction team was led by Nivedita Tiwari, Partner; Shailesh Singh, Principal Associate; and Anupama Singh, Senior Associate.
The employment law team was led by Pooja Ramchandani, Partner, and Suruchi Kumar, Principal Associate.
The IP law team was led by Apoorva Murali, Partner; and Neha Khanduri, Senior Associate.
The tax team was led by Amit Singhania, Partner; Ankita Bhasin, Counsel; Rahul Yadav, Counsel; and Mansie Jain, Associate.
The competition law team was led by Harman Singh Sandhu, Partner; Raveena Kumari Sethia, Senior Associate; and Abhishek Hazari, Associate.
Cyril Amarchand Mangaldas advised Biocon.
About Shardul Amarchand Mangaldas & Co:
Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, technology law and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 822 lawyers including 166 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.
