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

A Customer Centric Attitude Towards Cyber Security

09/08/2022A Customer Centric Attitude Towards Cyber Security

SecurityHQ is a Global Independent MSSP that detects and responds to threats, instantly. As your security partner, we alert and act on threats for you.

Solving the equity dilemma and funding the intangible economy

13/11/2019Solving the equity dilemma and funding the intangible economy

Alternative SME credit specialist Caple has supported EnSilica, a leading bespoke chip design and supply firm, with a £3.7m fully unsecured loan. This will enable EnSilica to continue its expansion into high-growth sectors including automotive, space and the

Finding Face in the Fintech Investment Boom

01/06/2015Finding Face in the Fintech Investment Boom

We recently spoke to Sam Pearse, Partner, Corporate & Securities, at Pillsbury Winthrop Shaw Pittman LLP about how to find face in the Fintech Investment Boom.

Should You Block AI Bots from Crawling Your Website?

15/04/2024Should You Block AI Bots from Crawling Your Website?

Did you know AI’s like ChatGPT could be crawling your site for data? AI large language models (LLMs) like ChatGPT and Bard (now called Gemini) has raised a question for businesses: block or allow AI bots like ChatGPT’s GPTBot to crawl your site? As AI is a

An Industry Innovator

05/12/2016An Industry Innovator

Founded in Southern California in 1995, GoWireless has continually strived to be a driving force in the wireless industry.

4 Tech Pitfalls to Avoid When Launching a Startup

31/01/20224 Tech Pitfalls to Avoid When Launching a Startup

Starting a business can be an effective way to boost your finances. It allows you to be innovative by thinking of marketing strategies to promote your business and succeed financially. That’s why you see most young professionals turn to entrepreneurship inst

How Do Economic Trends Influence Mortgage Rates?

06/09/2024How Do Economic Trends Influence Mortgage Rates?

Navigating the waters of mortgage rates can seem daunting. With a clear understanding of how economic currents guide these rates, you can position yourself to secure an advantageous deal on your home loan. From the actions of policymakers to the whispers of ma

How to Scale Your Business

20/03/2023How to Scale Your Business

Making a success of a business in the long term means having a strategy for growth. Without such a strategy, there’s a risk that you’ll expand in the wrong way, and have to go to the hassle and expense of a restructuring later on.

How Much Is a Workers’ Comp Claim Worth in Philadelphia?

22/07/2022How Much Is a Workers’ Comp Claim Worth in Philadelphia?

How Much Is a Workers’ Comp Claim Worth in Philadelphia? A workplace injury can have devastating consequences, particularly if you’re unable to return to work swiftly or you sustain long-term damage. Fortunately, most employees in Philadelphia are eligible

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