Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

Article Image - CounselCorp Advises Aurobindo (Australia) Pty Ltd During Pharma Eris Pharma’s Acquisition

Posted 6th May 2015

CounselCorp Advises Aurobindo (Australia) Pty Ltd During Pharma Eris Pharma’s Acquisition

In a move to focus the growth markets, the Hyderabad-based Aurobindo Pharma has sold off its step-down subsidiary in Australia, Aurobindo Pharma (Australia) Pty Ltd, to Eris Pharma Australia Pty Ltd.

Scroll to keep reading

CounselCorp Advises Aurobindo (Australia) Pty Ltd During Pharma Eris Pharma’s Acquisition

CounselCorp Advises Aurobindo (Australia) Pty Ltd During Pharma Eris Pharma’s Acquisition

View Biography

View Biography

View Biography

Acquirer

Target

Corporate Advisers and Legal Counsel to Aurobindo

In a move to focus the growth markets, the Hyderabad-based Aurobindo Pharma has sold off its step-down subsidiary in Australia, Aurobindo Pharma (Australia) Pty Ltd, to Eris Pharma Australia Pty Ltd. The company informed BSE on April 10, 2015 that Aurobindo Pharma Limited has divested its step-down subsidiary, Aurobindo Pharma (Australia) Pty Ltd to Eris Pharma Australia Pty Ltd.

Aurobindo Pharma will, however, under an agreement continue to manufacture and supply the products to Eris Pharma for Australian and New Zealand market over next few years. This divestment is in line with Aurobindo Pharma’s strategy to focus on US, EU and key emerging markets. This subsidiary was not contributing any profit to Aurobindo, added the company in the BSE filing.

Counsel Corp acted as corporate advisers and legal counsel to Aurobindo

Categories: M&A

You Might Also Like

10 Simple Ways Small Companies Can Gain Control Over Business Costs

01/12/202510 Simple Ways Small Companies Can Gain Control Over Business Costs

10 Simple Ways Small Companies Can Gain Control Over Business Costs Running a small company is not easy. Costs keep going up, and you feel them in every part of the business. When you do not watch your money, it starts to walk away on its own. The good news is

Jack Of All Trades

30/04/2021Jack Of All Trades

Jacksoft Commerce Automation is a pioneering firm of Regtech and Computer Auditing Experts situated in Taipei, Taiwan. Specialists in IT and auditing services for businesses of all shapes and sizes, Jacksoft provides market-leading automated solutions and worl

5 Resources to Help You Find a Knowledgeable Personal Injury Lawyer in Atlanta

13/05/20245 Resources to Help You Find a Knowledgeable Personal Injury Lawyer in Atlanta

After an incident, the aftermath entails stress and chaos. If involved in a car accident, for example, you’re already dealing with injuries, damage to your automobile, and intricacies involved.

How to Manage Your Budget During Inflationary Times

20/04/2022How to Manage Your Budget During Inflationary Times

At this point, there is no getting away from the word inflation. Everyone is talking about it, many complaining about it, but do you know how to take action to survive it? Depending on your age range, you may or may not have experienced life in inflationary ti

12 Best WordPress Hosts for Small Businesses Needing Reliable Performance

11/05/202612 Best WordPress Hosts for Small Businesses Needing Reliable Performance

The 12 hosts below all meet a baseline of free SSL, free CDN access, daily or near-daily backups, and at least a 99.9% uptime commitment, so the differences come down to price stability, support quality, and the speed of the underlying stack. Each entry names

BiP Solutions Acquires Pro Mark Media

30/04/2015BiP Solutions Acquires Pro Mark Media

BiP Solutions (BiP), the leading provider of business intelligence solutions for the public/private sector marketplace, has acquired Pro-Mark Media (PMM) - one of the UK's leading construction media companies with an established portfolio of digital magazines

7 Ways to Cut Business Costs Through Cloud Computing

03/11/20217 Ways to Cut Business Costs Through Cloud Computing

Various businesses all over the globe are eager to find ways to minimize their operating costs. With the advancements in the industry, a steadily increasing number of companies are turning to the cloud.

What Is an SOP System for Audit Readiness?

23/04/2026What Is an SOP System for Audit Readiness?

There are 340 million occupational accidents every year globally, and a massive portion of these stem from process failures that could have been prevented with better documentation. When an auditor from a body like ISO or a SOC 2 practitioner walks through you

Gleiss Lutz Advises Apax Partners During Acquisition of Azelis

19/05/2015Gleiss Lutz Advises Apax Partners During Acquisition of Azelis

Gleiss Lutz Advises Apax Partners During Acquisition of Azelis

View More Articles

Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

MORE BRANDS