Khaitan & Co. advised Bionpharma Health, Inc. on the deal.
Bionpharma Health, Inc. (a subsidiary of Bionpharma, Inc, USA) executed the sale of business including the NPNC Formulations Division (IKKT Undertaking) at Irungattukoi, Chennai by Orchid Pharma Limited to OrBion Pharmaceuticals Private Limited, a joint venture company of Bionpharma and Orchid for a total consideration of up to INR 170 crore (approx. USD 23 million).
Orchid Pharma Limited operates as a pharmaceutical company. The Company focuses in the research, development, manufacture, marketing, and export of active pharmaceutical ingredients (APIs) and finished dosage forms.
Bionpharma Inc. operates as a pharmaceutical company. The Company focuses on developing generic pharmaceutical products.
The Khaitan & Co. team consisted of Bhavik Narsana (Partner) and Deepali Menghwani (Associate), with assistance from Vidur Sinha (Principal Associate), Dinesh Agarwal (Executive Director) on indirect tax related aspects, Vinita Krishnan (Director) and Rahul Jain (Principal Associate) on direct tax related aspects and Sudheer Madamaiah (Partner) and Amruthavarshini (Senior Associate) on real estate related aspects. The diligence team comprised of Vidur Sinha (Principal Associate), Bhavya Bhankharia (Senior Associate), Deepali Menghwani (Associate), Yamini Upadhyay (Associate) and Anish Kapoor (Associate); Real estate aspects: Sudheer Madamaiah (Partner) and Arjun Narayanan (Associate); Employment law aspects: Anshul Prakash (Partner), Deepak Kumar (Partner) and Prachi Vijay (Associate); Intellectual property law aspects: Nishad Nadkarni (Partner), Sourav Dan (Principal Associate), Jayesh Varavadekar (Senior Associate) and Huzaifa Faizullabhoy (Associate); Insolvency related aspects: Kumar Saurabh Singh (Partner) and Vivek Mishra (Principal Associate).
Involved fees earner: Dinesh Agarwal – Khaitan & Co.; Bhavya Bhankharia – Khaitan & Co.; Sourav Dan – Khaitan & Co.; Huzaifa Faizullabhoy – Khaitan & Co.; Rahul Jain – Khaitan & Co.; Anish Kapoor – Khaitan & Co.; Vinita Krishnan – Khaitan & Co.; Deepak Kumar – Khaitan & Co.; Sudheer Madamaiah – Khaitan & Co.; Vivek Mishra – Khaitan & Co.; Nishad Nadkarni – Khaitan & Co.; Arjun Narayanan – Khaitan & Co.; Bhavik Narsana – Khaitan & Co.; Anshul Prakash – Khaitan & Co.; Kumar Saurabh Singh – Khaitan & Co.; Vidur Sinha – Khaitan & Co.; Yamini Upadhyay – Khaitan & Co.; Jayesh Varavadekar – Khaitan & Co.; Prachi Vijay – Khaitan & Co.; Deepali Menghwani – Link Legal India Law Services;
Clients: Bionpharma Health ;