Desai & Diwanji advise Sanofi Pasteur in Shanta Biotechnics acquisition
Bar&Bench News Network
Aug 26, 2009
Desai & Diwanji continues to strengthen its Mergers and Acquisitions practice, advising on a whopping Rs. 3,748 crore ($781 million) deal. Desai and Diwanji advised French pharma major Sanofi Pasteur in their acquisition of Hyderabad based Shanta Biotechnics.
Sanofi Pasteur acquired Merieux Alliance's French subsidiary, ShanH, which has a 78 percent stake in Shanta Biotechnics. The Desai & Diwanji team comprising Devika Cariappa and Ketaki Gaur were led by Partner Apurva Diwanji.
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