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

Bot Protection in Ticketing: Stopping Scalpers Before They Strike

18/12/2025Bot Protection in Ticketing: Stopping Scalpers Before They Strike

Scalping bots have rewritten the rules of live entertainment. In real time, algorithms can blitz online ticketing systems, sweeping ticket blocks and ultimately flipping them for profits exceeding 500%. While real fans are left in the dust, venues and event op

Pool Your Cybersecurity Resources to Build the Perfect Security Ecosystem

17/09/2024Pool Your Cybersecurity Resources to Build the Perfect Security Ecosystem

Cybersecurity has never been something to set once and leave running in the background—it is a constantly evolving landscape. While the migration of data and applications to the cloud provides numerous business benefits, many organisations struggle to secure

Ten Biggest Legal Mistakes Tech Start-ups Make

15/06/2018Ten Biggest Legal Mistakes Tech Start-ups Make

This month my company (A City Law Firm) marked our ten-year anniversary, which has made me think back to our first year, how we started and some of the early mistakes we made.

Blackstone to Acquire Majority of Serco’s Private Sector BPO’s

17/09/2015Blackstone to Acquire Majority of Serco’s Private Sector BPO’s

Private equity funds managed by Blackstone today entered into a definitive agreement with Serco Group Plc to buy the majority of its private sector Business Process Outsourcing (‘BPO’) operations

AI to Rescue the Lost Generation and Get Them Back to Work

28/05/2024AI to Rescue the Lost Generation and Get Them Back to Work

The UK is facing a significant problem of nearly 9 million people (age 16-64) who are ‘economically inactive’ meaning that they do not currently have a job and are not looking for work. Those who are employed are taking more sick days in the last decade th

Enhancing Security and Efficiency: Integrating BIN Checker Tools into Payment Processing Systems

16/02/2024Enhancing Security and Efficiency: Integrating BIN Checker Tools into Payment Processing Systems

In the realm of online transactions, security and efficiency stand as the twin pillars upon which trust and reliability are built. As digital commerce continues to evolve, businesses and consumers alike demand robust safeguards against fraudulent activities wh

Why the Fintech Industry is Migrating to the Cloud

02/03/2023Why the Fintech Industry is Migrating to the Cloud

If you've been keeping up with the latest news in the fintech world, you might have noticed a common theme: more and more companies are moving their operations to the cloud. In fact, according to Mckinsey & Co, 54% of financial institutions expect to shift at

Abundant Opportunities in Botswana

05/12/2016Abundant Opportunities in Botswana

BDC is a development finance Institution tasked with the industrialisation of Botswana.

How to Ensure Your Business is Prepared for the Installation of Robotic Machinery

07/09/2023How to Ensure Your Business is Prepared for the Installation of Robotic Machinery

The integration of robotic machinery in businesses is no longer a far-fetched concept, but rather a practical step towards innovation and productivity. However, preparation is key for successful implementation. Let’s explore how you can ensure your busin

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