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Deal: Trilegal advised Glenmark Life Sciences in relation to its initial public offering

10 Aug 2021

Glenmark Life Sciences is a wholly owned subsidiary of Glenmark Pharmaceuticals, is a developer and manufacturer of select Active Pharmaceutical Ingredients.

Trilegal Advised Glenmark Life Sciences Limited in relation to its initial public offering (Offer). The Offer included a fresh issue of equity shares worth Rs. 1,160 crores and an offer for sale of 63 lakh equity shares by its parent company, Glenmark Pharmaceuticals Limited. We also advised Glenmark Pharmaceuticals Limited.

This is one of the first initial public offering by a pharmaceutical company engaged in the manufacturing of active pharmaceutical ingredients in the recent few years. This transaction saw the highest number of applications for subscription by any pharmaceutical company in India and the second highest number of applications in the history of the Indian capital markets with more than 40 lakh distinct applications.

Trilegal team was led by Bhakta Patnaik, Partner and was assisted by Albin George Thomas, Counsel; Arjun Rastogi, Senior Associate and other Associates.

S&R Associates were the Legal counsel to the BRLMs and Sidley Austin LLP were International Legal Counsel to the BRLMs.

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For more information, please contact:

Sahil Wason
Tel: +91-8928008122
BD@Trilegal.com

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