DSK Legal advised Strides Arcolab in acquiring the Indian branded generic business of Bafna Pharmaceuticals. Bafna was advised by Desai & Diwanji..The DSK Legal team was led by Partner Raksha Kothari along with Vikrant Singh Negi, Shamayeeta Bhattacharyya and Shruti Chopra..Desai & Diwanji advised Bafna with a team led by Partner Aneesh Gupte..Pursuant to the transaction, Bafna will transfer the entire India branded generics business on a slump sale basis to Strides and will receive a cash consideration of Rs. 48 crore and 26 per cent equity in a SPV, of which Strides will hold 74 per cent, reports Business Standard.
DSK Legal advised Strides Arcolab in acquiring the Indian branded generic business of Bafna Pharmaceuticals. Bafna was advised by Desai & Diwanji..The DSK Legal team was led by Partner Raksha Kothari along with Vikrant Singh Negi, Shamayeeta Bhattacharyya and Shruti Chopra..Desai & Diwanji advised Bafna with a team led by Partner Aneesh Gupte..Pursuant to the transaction, Bafna will transfer the entire India branded generics business on a slump sale basis to Strides and will receive a cash consideration of Rs. 48 crore and 26 per cent equity in a SPV, of which Strides will hold 74 per cent, reports Business Standard.
