Deal Street

December 21, 2016

Veritas Legal Assisted Claris Lifesciences Limited In Sale And Transfer Of Global Generic Injectables Business To Baxter International Inc


On December 15, 2016, the Board of Directors of Claris Lifesciences Limited (a multi-business enterprise and the Holding Company of Claris Injectables) approved the sale and transfer of its global generic injectables business to Baxter International Inc (an American healthcare company).

Veritas Legal, a law firm in India established by Abhijit Joshi, assisted and advised Claris Lifesciences Limited as Indian counsel along with Herbert Smith Freehills (an international law firm) as International counsel for negotiations and documentation in the 100% sale of its global generics injectables business to Baxter International Inc. for a total consideration of approx. USD 625 million.

The Veritas Legal team was led by partners Abhijit Joshi and Tushar Raut along with associates Somrita Chatterji and Rebha Dakshini.

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