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

Connecting Brands with People

07/01/2019Connecting Brands with People

RuStyle is an award-winning London-based PR company with an independent full-service public relation, consulting and development agency specialising in leading luxury fashion, jewellery, beauty, lifestyle, health and fitness brands. We caught up with the RuSty

5 Ways You Can Utilize Data To Enhance Business Efficiency

26/08/20225 Ways You Can Utilize Data To Enhance Business Efficiency

In today's world where efficiency reigns supreme, businesses are looking for ways they can improve productivity in the day-to-day affairs of running a company. As an entrepreneur, one of the best ways to enhance your business's efficiency is by using data. You

Buy a Business or Start Your Own? What’s Your Best Option?

20/07/2021Buy a Business or Start Your Own? What’s Your Best Option?

There are two main ways of becoming a business owner. Starting your own or buying an existing venture. Find out the pros and cons of each option.

Canadian Company Create Collaborative Culture

21/02/2020Canadian Company Create Collaborative Culture

At a time where digitalisation is almost inevitable, companies need to make sure that they partner with a digital consultancy firm that truly knows what they are doing. TechBlocks, Inc. is a software consulting and product engineering company that delivers ent

5 Reasons You Should Start Investing Today

08/06/20235 Reasons You Should Start Investing Today

Investing has long been recognised as a powerful tool for building wealth and securing financial futures. While it may seem intimidating at first, investing is not just reserved for the wealthy or finance professionals.

Five Team-Building Tactics to Take Your Business Culture to the Next Level

24/09/2020Five Team-Building Tactics to Take Your Business Culture to the Next Level

Recent research undertaken at the Queens University of Charlotte revealed that 75% of employers rate teamwork and collaboration as ‘very important’. This illustrates the value of a productive and hardworking team in the workplace. It’s widely considered

3 Things To Know When Financing Your Small Business

01/09/20213 Things To Know When Financing Your Small Business

Every small business gets to the point where it needs more money either to go on with its operations or to be able to make the most of an important opportunity to grow. Here are a few things you need to know when financing your small business.

Listed Companies Lose Shareholder Trust Due to Poor Communication and Lack of CEO Access

07/07/2026Listed Companies Lose Shareholder Trust Due to Poor Communication and Lack of CEO Access

A new survey of retail investors, conducted by InvestorHub in partnership with ShareSoc, finds that UK listed companies are falling short on communication.

Car Finance Options for Pensioners

28/02/2022Car Finance Options for Pensioners

Judging the right time for buying a car can be difficult. You want to be sure that you can afford it; not just now, but in the future too when your requirements only grow bigger and bigger. If you are retired, your income will go down considerably, which means

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