Lakshmikumaran & Sridharan Attorneys Advised Indoco Remedies on Transfer of Ophthalmic Business to Sunways India
The leading law firm in India, Lakshmikumaran & Sridharan Attorneys (LKS) advised Indoco Remedies Limited on the transfer of its ophthalmic business operations to Sunways (India) Private Limited in a landmark transaction across identified emerging markets.
Lakshmikumaran & Sridharan Attorneys (LKS) provided end-to-end legal and transactional support, including advice on LODR Regulations, GST implications, transaction structuring, drafting and negotiation of transaction documents, and assistance at deal closing. The firm also guided Indoco Remedies Limited through the transfer mechanics for diverse classes of assets, including intellectual property, inventories, and market authorisations across multiple jurisdictions.
The transaction was structured as a slump sale agreement, transferring the ophthalmic business as a going concern in identified emerging markets. This strategic divestment enables Indoco Remedies Limited to refocus on its core operations, while allowing Sunways (India) Private Limited to strengthen its presence in the ophthalmic sector by leveraging established distribution networks and regulatory authorisations across key emerging markets in Africa and India.
The transaction team from Lakshmikumaran & Sridharan Attorneys (LKS) comprised Asish Abraham Philip (Executive Partner), Gopal Machiraju (Associate Partner), Bhusan Porwal (Principal Associate) and Kinnari Solanki (Associate).
The GST team from Lakshmikumaran & Sridharan Attorneys (LKS) included Darshan Machhar (Director) and Krina Shah (Associate).
Click to know more about Lakshmikumaran & Sridharan Attorneys
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at [email protected] or call us on +91 8879634922.