Alkem Laboratories Limited informed the markets … that the company has acquired an undertaking, as a whole and on a going and running concern basis from Cachet Pharmaceuticals Private Limited, a subsidiary of the company. The cost of acquisition is Rs. 51,85,00,000. — DSIJ

Alkem Laboratories Limited, a public listed company, used to procure substantial part of its liquid pharmaceutical products like syrups, etc. manufactured from the said undertaking it had acquired from Cachet, as Alkem did not have its own manufacturing unit to produce liquid pharmaceutical products. It could now start manufacturing liquid products for better control over the products and timelines.

Link Legal India Law Services advised Alkem Laboratories Limited led by a team of co-managing partner Nusrat Hassan, associate partner Yosham Vardhan, senior associate Ankit Agarwal and Neil associate Lopez, advising on the structuring, due diligence, drafting of the transaction documents and closing.

2019-09-21

Deal value: Rs 51 crores

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