{"id":265611,"date":"2022-04-19T14:30:08","date_gmt":"2022-04-19T09:00:08","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=265611"},"modified":"2022-04-19T14:17:08","modified_gmt":"2022-04-19T08:47:08","slug":"khaitan-co-advised-mankind-pharma-limited-in-relation-to-the-acquisition-of-the-formulations-brands-from-panacea-biotec-pharma-limited","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2022\/04\/19\/khaitan-co-advised-mankind-pharma-limited-in-relation-to-the-acquisition-of-the-formulations-brands-from-panacea-biotec-pharma-limited\/","title":{"rendered":"Khaitan &#038; Co advised Mankind Pharma Limited in relation to the acquisition of the formulations brands from Panacea Biotec Pharma Limited"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-family: Calibri;\"><span style=\"font-size: medium;\">Khaitan &amp; Co advised <span class=\"searchHighlight\">Mankind<\/span> Pharma Limited in relation to the acquisition of the formulations brands from Panacea Biotec Pharma Limited.<\/span><\/span><span style=\"font-family: Calibri;\"><span style=\"font-size: medium;\">\u00a0<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"755\">\n<table style=\"height: 1267px;\" width=\"866\">\n<tbody>\n<tr>\n<td width=\"54\">\n<p style=\"text-align: center;\"><strong>NO<\/strong><\/p>\n<\/td>\n<td width=\"97\">\n<p style=\"text-align: center;\"><strong>HEADINGS<\/strong><\/p>\n<\/td>\n<td width=\"601\">\n<p style=\"text-align: center;\"><strong>DETAILS<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"54\">1.<\/td>\n<td width=\"97\">\n<p style=\"text-align: left;\">Sector<\/p>\n<\/td>\n<td width=\"601\">Pharmaceuticals<\/td>\n<\/tr>\n<tr>\n<td width=\"54\">2.<\/td>\n<td width=\"97\">Announcement Date<\/td>\n<td width=\"601\">28-Feb-2022<\/td>\n<\/tr>\n<tr>\n<td width=\"54\">3.<\/td>\n<td width=\"97\">Completion Date<\/td>\n<td width=\"601\">28-Feb-2021<\/td>\n<\/tr>\n<tr>\n<td width=\"54\">4.<\/td>\n<td width=\"97\">Name of Client<\/td>\n<td width=\"601\">Mankind Pharma Limited<\/td>\n<\/tr>\n<tr>\n<td width=\"54\">5.<\/td>\n<td width=\"97\">Buyer Details<\/td>\n<td width=\"601\">Mankind Pharma LImited | India<\/p>\n<p>Mankind Pharma is one of the Indian leading pharmaceutical companies and changes the pharma industry by providing world class medications at affordable prices. The company has products in therapeutic areas ranging from antibiotics to gastrointestinal<br \/>\ncardiovascular, dermal and erectile dysfunction medications.<\/td>\n<\/tr>\n<tr>\n<td width=\"54\">6.<\/td>\n<td width=\"97\">Deal Description<\/td>\n<td width=\"601\">Advised Mankind Pharma Limited in relation to the the acquisition of the formulations brands from Panacea Biotec Pharma Limited (a wholly owned subsidiary of Panacea Biotec Limited), a company which has created a niche in the chronic and transplant business for a total consideration of INR 1872 crore (USD 250 million). The deal structure included an asset purchase agreement for the acquisition of certain assets, including the sales and marketing teams of Panacea as well as a contract manufacturing arrangement between the companies. In addition to this Mankind and Panacea also signed an trademark and copyright assignment and patent licensing agreement to authorise Mankind to use intellectual property associated with the formulations brands.<\/td>\n<\/tr>\n<tr>\n<td width=\"54\">7.<\/td>\n<td width=\"97\">Total Consideration<\/td>\n<td width=\"601\">INR 1872 crore (USD 250 million)<\/td>\n<\/tr>\n<tr>\n<td width=\"54\">8.<\/td>\n<td width=\"97\">Team Members<\/td>\n<td width=\"601\">The core team consisted of Bharat Anand (Partner), Pashupati Nath (Partner), Kevin Peter (Principal Associate), Yashodhara Chauhan (Associate) with assistance from the following:<br \/>\nMembers of the supporting team advised on the asset purchase structuring, acquisition of intellectual property as well as certain employment related aspects: Ankur Sangal (Partner), Vinay Joy (Partner), Srishti Ramkrishnan (Principal Associate), Abhiroop De (Senior Associate), Ananya Bhat (Senior Associate), Ankit Arvind (Senior Associate)<\/td>\n<\/tr>\n<tr>\n<td width=\"54\">9.<\/td>\n<td width=\"97\">Role of Firm<\/td>\n<td width=\"601\">Khaitan &amp; Co advised on the transaction structuring as well as drafting, negotiation and finalisation of the transaction documents, including the asset purchase agreement, contract manufacturing agreement, transitional services agreement, intellectual property assignment agreement and patent licensing agreement.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Khaitan &amp; Co advised Mankind Pharma Limited in relation to the acquisition of the formulations brands from Panacea Biotec Pharma Limited.\u00a0 &nbsp; <\/p>\n","protected":false},"author":8808,"featured_media":265618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[],"class_list":["post-265611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Khaitan &amp; Co advised Mankind Pharma Limited in relation to the acquisition of the formulations brands from Panacea Biotec Pharma Limited | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Alembic in relation to acquisition of balance 40% stake in Aleor, a joint venture company of Alembic and Orbicular Pharmaceutical Technologies Private Limited, thereby making Aleor a wholly owned subsidiary of Alembic. NO HEADINGS \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 DETAILS 1. Sector Pharmaceuticals - Dermaceuticals 2. Announcement Date 29 March\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-131.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-131.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-131.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-131.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-131.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":328818,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/08\/16\/khaitan-co-advises-advent-international-on-sale-of-its-entire-shareholding-in-bharat-serums-and-vaccines-limited-to-mankind-pharma-limited-in-a-bid-process\/","url_meta":{"origin":265611,"position":1},"title":"Khaitan &amp; Co advises Advent International on sale of its entire shareholding in Bharat Serums and Vaccines Limited to Mankind Pharma Limited, in a bid process","author":"Bhumika Indulia","date":"August 16, 2024","format":false,"excerpt":"The Firm advised on all aspect of the transaction, including vendor diligence, assistance with the bid process, negotiating and finalising transaction documents, and advising on competition law and other regulatory aspects.","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"Advent International Corporation","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/08\/Advent-International-Corporation.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/08\/Advent-International-Corporation.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/08\/Advent-International-Corporation.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/08\/Advent-International-Corporation.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":268947,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/06\/23\/khaitan-co-advises-inventys-research-company-private-ltd-as-a-common-counsel-in-relation-to-investment\/","url_meta":{"origin":265611,"position":2},"title":"Khaitan &#038; Co  advises Inventys Research Company Private Ltd as a common counsel in relation to investment","author":"Bhumika Indulia","date":"June 23, 2022","format":false,"excerpt":"Khaitan & Co advises Inventys Research Company Private Limited as a common counsel in relation to investment. \u00a0 NO HEADINGS DETAILS 1. Sector Agro Chemicals 2. Announcement Date 11-Apr-2022 3. Completion Date \u00a0 4. Name of Client Inventys Research Company Pvt Ltd 5. Investor Details Arpit Khandelwal (representing Plutus Wealth\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-287.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-287.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-287.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-287.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-287.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":317745,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/19\/khaitan-co-advises-eris-lifesciences-limited-on-its-acquisition-of-the-branded-formulations-business-of-biocon-biologics-limited-in-india\/","url_meta":{"origin":265611,"position":3},"title":"Khaitan &amp; Co advises Eris Lifesciences Limited on its acquisition of the branded formulations business of Biocon Biologics Limited in India","author":"Bhumika Indulia","date":"March 19, 2024","format":false,"excerpt":"DEAL DETAILS Eris Lifesciences Limited | Acquisition of the Indian branded formulations business of Biocon Biologics Limited Khaitan & Co advised Eris Lifesciences Limited on its acquisition of the branded formulations business of Biocon Biologics Limited in India for a total consideration of INR 1,242 Crores. The acquisition helps augment\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"Eris Lifesciences Limited","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/biocon.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/biocon.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/biocon.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/biocon.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":303990,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/10\/07\/khaitan-co-advises-manipal-health-enterprises-acquisition-amri-hospitals-limited\/","url_meta":{"origin":265611,"position":4},"title":"Khaitan &amp; Co advises Manipal Health Enterprises Private Limited in relation to acquisition of controlling interest in AMRI Hospitals Limited","author":"Bhumika Indulia","date":"October 7, 2023","format":false,"excerpt":"DEAL DETAILS Manipal Health Enterprises Private Limited | Acquisition of controlling interest in AMRI Hospitals Limited Khaitan & Co advised Manipal Health Enterprises Private Limited in relation to acquisition of controlling interest in AMRI Hospitals Limited, a leading healthcare chain headquartered in Kolkata and operating in West Bengal and Odisha,\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"AMRI Hospitals Limited","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/AMRI-Hospitals-Limited.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/AMRI-Hospitals-Limited.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/AMRI-Hospitals-Limited.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/AMRI-Hospitals-Limited.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":326615,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/07\/16\/khaitan-co-advises-aditya-birla-fashion-and-retail-limited-in-relation-to-its-majority-acquisition-of-goodview-fashion-private-limited\/","url_meta":{"origin":265611,"position":5},"title":"Khaitan &amp; Co advises Aditya Birla Fashion and Retail Limited in relation to its majority acquisition of Goodview Fashion Private Limited","author":"Bhumika Indulia","date":"July 16, 2024","format":false,"excerpt":"DEAL DETAILS Aditya Birla Fashion and Retail Limited | Acquisition of additional stake in Goodview Fashion Khaitan & Co advised Aditya Birla Fashion and Retail Limited (ABFRL) in relation to its majority acquisition of Goodview Fashion Private Limited (manufacturer and ethnic couture brand \u2018Tarun Tahiliani\u2019) by increasing its stake from\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"Aditya Birla Fashion","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/07\/Aditya-Birla-Fashion.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/07\/Aditya-Birla-Fashion.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/07\/Aditya-Birla-Fashion.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/07\/Aditya-Birla-Fashion.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/265611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=265611"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/265611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/265618"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=265611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=265611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=265611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}