Freshfields acts as international legal counsel to Novartis AG on sale of its entire stake in Novartis India Limited

Global law firm Freshfields has acted as international legal counsel to Swiss-based global healthcare company Novartis AG (Novartis) in relation to the cross-border aspects of the proposed sale of its entire 70.68% shareholding in Novartis India Limited (Novartis India) to WaveRise Investments Limited, ChrysCapital Fund X and Two Infinity Partners (which form part of the ChrysCapital group).

The multi-jurisdictional cross-practice Freshfields team was led by partner Arun Balasubramanian (Singapore) and counsel Piusha Bose (London), the co-heads of our India Group. They were supported by associates Shavonne Oh (Singapore), Rahul Karia (London) and Lucy Ryde (London). IP advice was provided by partner Richard Bird (Hong Kong) and associate Harshavardhan Ganesan (Singapore), and tax advice was provided by partner Paul Davison and associate Jonathan Bowering (both London).