Unichem Completes Sale, Transfer of its Domestic Formulations Business to Torrent
Unichem Laboratories Limited has completed the sale and transfer of its domestic formulations business in India and Nepal to Torrent Pharmaceuticals Limited (TPL) on a going concern basis by way of slump sale.
Going ahead Unichem will focus attention on all aspects of the international business including finished formulations, API, contract manufacturing and contract research.
It will also increase its investments in R&D in the New Chemical and Biological Entities (NCE & NBE), Bio-similars and complex generics; and reward shareholders.
Jayendra Shah played a pivotal role in successful consummation of the transaction. He was the sole financial advisor to Unichem on negotiations, valuations and deal closure. NA Shah Associates LLP, Chartered Accountants were the advisors for tax and related matters and Trans Continental Capital Advisors Pvt Ltd were the strategic advisors.
Unichem Completes Sale, Transfer of its Domestic Formulations Business to Torrent
Unichem Laboratories Limited has completed the sale and transfer of its domestic formulations business in India and Nepal to Torrent Pharmaceuticals Limited (TPL) on a going concern basis by way of slump sale.
Going ahead Unichem will focus attention on all aspects of the international business including finished formulations, API, contract manufacturing and contract research.
It will also increase its investments in R&D in the New Chemical and Biological Entities (NCE & NBE), Bio-similars and complex generics; and reward shareholders.
Jayendra Shah played a pivotal role in successful consummation of the transaction. He was the sole financial advisor to Unichem on negotiations, valuations and deal closure. NA Shah Associates LLP, Chartered Accountants were the advisors for tax and related matters and Trans Continental Capital Advisors Pvt Ltd were the strategic advisors.
