A list of biggest deals struck by Indian companies

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Every month, we bring you a listing of the biggest deals struck by Indian companies in India and abroad. Our partner: global professional services firm Ernst & Young. Here are the deals that were struck in April 2008.

Deal particulars: Jubilant Organosys has entered into a $255-million (Rs 1,020 crore) agreement with Draxis Health, a Canadian radiopharmaceutical and contract manufacturing company, to take it over. The transaction is expected to close in the second quarter of 2008.

Impact analysis: Draxis Health has two business divisions: Draximage, its radiopharmaceutical division, and Draxis Pharma, its contract manufacturing business. One of the major attractions for Jubilant is Draxis’s multi-year $120 million (Rs 480 crore) contract for supplying multiple non-sterile specialty semi-solid products to J&J. Through this acquisition, Jubilant will become one of the leading contract manufacturers of small volume parenterals feeding large pharmaceuticals and biotech companies in North America.