Khaitan, CAM act on FIL's investment in Cipla

Monday, 25 April 2016 By Prachi Shrivastava Corporate M&A

Khaitan & Co advised drug major Cipla on raising funds in its arm Cipla Health, from FIL Capital Investments which was advised by Cyril Amarchand Mangaldas.

Khaitan partners Haigreve Khaitan, Bhavik Narsana, Kartick Maheshwari, Avaantika Kakkar, Adheesh Nargolkar and Sharad Vaid, associate partners Sameer Shah and Atul Pandey, principal associates Shweta Dwivedi and Anshuman Sakle, associates Avantika Govil and Rakshit Sharma and counsel Shailendra Bhandare acted for Cipla.

CAM Bangalore partner Arjun Lall acted for FIL.

Cipla’s foreign investment proposal of Rs 145.22 crore received the FIPB’s approval and last month Cipla transferred its consumer healthcare business to its arm Cipla Health, reported the PTI.

Khaitan & CoCyril Amarchand Mangaldas

Comments

13 people? 25 Apr 2016, 09:41
+3 -4
13 people from Khaitan on one transaction? Too many people and too little work?
kianganz 25 Apr 2016, 09:48
+10 -2
Guys, either you complain that a law firm is not mentioning enough associates and partners, or that a firm is mentioning too many.

It's good when a firm works together well enough to be able to put a big team on a deal, no? (when the client doesn't have to pay through the nose for it)
Comment 25 Apr 2016, 12:23
+3 -3
Well said Kian! May be "13 people" is from a law firm where not the professionals don't gel together. the ability of law firms to put together a decently sized team for a mandate should be lauded rather than criticised. This is something which distinguishes a top tier firm like Khaitan from the rest.

Check out lawyer.com and you will see how well staffed the magic circle firm teams are for a transaction.
Sour Grapes 1 May 2016, 16:11
+0 -1
CAM LI Response Department in full swing here. It used to be a stated AMSS policy to only mention Partner names. Didnt want juniors to receive public credit. Fear of their names getting out and people poaching them and also be restrained in providing appreciation. What if they get ahead of themselves? They never figured how to appreciate people for good work. The above legacy burns bright at CAM. Should one be surprised, probably not. Someone important over there said that CAM would be a true torch bearer of the AMSS legacy. What a lost opportunity to purge the negatives.
Guest 25 Apr 2016, 09:57
+4 -1
Yes, core transaction team and other support teams like competition & tax. A structure only full-service law firms can provide. Never mind!
Guest 25 Apr 2016, 19:01
+1 -0
Sameer, Atul and Shailendra were promoted only recently from PA to AP / Counsel. Don't count them in the partners' bracket at least for this deal.
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