Synthimed Labs Private Limited agreed to acquire API and CRAMS business of Ind-Swift Laboratories Limited (NSEI:INDSWFTLAB) for INR 16.5 billion on September 6, 2023. The deal has been approved by board of directors of Ind-Swift Laboratories, and is subject to approval from regulatory board and shareholders. PricewaterhouseCoopers Business Consulting Services LLP acted as financial advisor to Ind-Swift Laboratories Limited.

Abhinav Bhalaik, Armaan Patkar, Aastha and Mayank Jhunjhunwala of Argus Partners acted as the legal advisor to Ind-Swift Laboratories Limited. Kartick Maheshwari, Aashutosh Sampat, Aishwarya Nagpal, Abhishek Dadoo, Manisha Shroff, Anisha Chand, Sanjeev K Kapoor, Sneha Janakiraman, Manavendra Mishra, Kshitij Bishnoi, Deepak Kumar, Shailendra Bhandare and Atul Pandey of Khaitan & Co. acted as the legal advisors to Synthimed Labs Private Limited.