SAM advised Eris Lifesciences Limited on its acquisition of Dermatology and Nephrology branded formulations business units of Biocon Biologics Limited in India

06 December 2023 | New Delhi: 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.