Wanbury sells brands to Cipla
Wanbury sold its women healthcare brands CDense, CPink, Folinine and Productiv along with other relevant assets to Cipla for ₹880 million (US$12.4 million).
Khaitan & Co represented Wanbury for finalizing the structure of the transaction and drafted, negotiated and finalized the transaction documents. Partner Bhavik Narsana, principal associate Niharika Mepani and associate Pujitha Gullapalli were part of the core transaction team for Khaitan. The firm also advised on direct and indirect tax matters.
Masco offloads kitchen arm
Masco Corporation sold Masco Cabinetry, a manufacturer of kitchen and bath cabinetry, along with its investment in KraftMaid Services India to ACProducts Inc for US$850 million in cash and preferred stock.
J Sagar Associates (JSA) advised and assisted Masco as India counsel. Its team comprised partners Nitin Potdar and Rinku Ambekar and associates Reshma Oak and Abhishek Singh. Davis Polk & Wardwell acted as an international counsel for Masco.
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