Khaitan & Co advised Albert David Ltd which has sold its brand “Actibile” along with all its rights and marketable title to Cadila Healthcare Ltd, as an asset sale transaction for $8.2m. Albert David Limited, a prominent drug house distinguished in the field of manufacturing Pharmaceutical Formulations, Infusion Solutions, Herbal Dosage Forms, Bulk Drugs and Disposable Syringes & Needles has its base in Kolkata, India.
The company belongs to a renowned industrial house of Kolkata, the “Kothari Group, India.
The core Corporate transaction team included Arindam Sarkar, Associate Partner; Sameer Sah, Associate Partner; Shourya Sengupta, Associate with assistance from Adheesh Nargolkar, Partner on the Intellectual property aspects and Arvind Baheti, Executive Director on the Indirect tax aspects.