"Link Legal represented Alkem Laboratories Limited (a public listed company) ("Alkem") in its acquisition of an Undertaking based in Sikkim from Cachet Pharmaceuticals Private Limited ("Cachet") ("Transaction").
Alkem used to procure substantial part of its liquid pharmaceutical products like syrups, etc. manufactured from the said Undertaking as Alkem did not have its own manufacturing unit to produce liquid pharmaceutical products. Alkem acquired the said Undertaking from Cachet, its subsidiary company, to start manufacturing liquid products for better control over the products and timely supplies of the products by Alkem. The Transaction has been approved by the Department of Commerce and Industries, Government of Sikkim. The Transaction is valued at INR 51,85,00,000 (Indian Rupees Fifty One Crores Eighty Five Lakhs only).
Alkem, with a market cap of INR 22,729 Crores, is a leading Indian pharmaceutical company with global operations, engaged in the development, manufacture and sale of pharmaceutical and nutraceutical products.
Link Legal team comprising of Nusrat Hassan (Co-Managing Partner), Yosham Vardhan (Associate Partner), Ankit Agarwal (Senior Associate) and Neil Lopez (Associate) advised Alkem on the structuring, due diligence, drafting of the transaction documents and closing of the Transaction.
The deal was reported in the following news links: