Latest News
Shardul Amarchand Mangaldas & Co. (SAM & Co.)

Shardul Amarchand Mangaldas & Co. Advises on Rs. 450 Cr (USD 65 Mn) Investment by IFC in Apollo Health and Lifestyle Limited

Dec 07, 2016   16:07 IST 
New Delhi | Mumbai, Maharashtra, India

Shardul Amarchand Mangaldas & Co. acted as the legal counsel to International Finance Corporation (IFC) and IFC EAF Apollo Investment (both part of World Bank Group) in relation to acquisition of a minority stake (29% stake) in Apollo Health and Lifestyle Limited (AHLL) for an aggregate value of Rs. 450 Cr. AHLL is a part of the Apollo Hospitals Group, India’s largest healthcare provider and runs multi-speciality clinics across 17 states. The investment will be used for increasing AHLL’s network of clinics along with cradle and diagnostics centres across the country.

 

The General Corporate team of Shardul Amarchand Mangaldas & Co. advised on all aspects of the transaction including drafting and finalisation of transaction documents. The transaction team was led by Ms. Puja Sondhi, Partner and included Mr. Aayush Kapoor, Principal Associate; Mr. Sumeet Singh, Principal Associate; Mr. Sushrut Biswal, Senior Associate; Ms. Vasundhara Garg, Senior Associate and Mr. Anant Mishra, Associate.

 

The parties involved in the transaction were International Finance Corporation & IFC EAF Apollo Investment Company (together the Investors) and Apollo Health And Lifestyle Limited and Apollo Hospitals Enterprise Ltd. (Investee companies)

 

Other advisors to the transaction were Cyril Amarchand Mangaldas (represented Apollo Health And Lifestyle Limited and Apollo Hospitals Enterprise Ltd.) and Spark Capital (financial advisor to the IFC).

 

The deal was signed on October 26, 2016 and was closed on December 1, 2016

 

About Shardul Amarchand Mangaldas & Co.

Founded in 2015, Shardul Amarchand Mangaldas & Co, is one of India’s leading law firms rated by International organisations, law directories and professional journals. As a full service law firm, it is renowned in the business community for its ability to enable business, its innovative solutions, its responsiveness and collaboration with its clients. The Firm continues its journey as “a young and wise firm” with a legacy of 99 years.

 

The Firm has over 430 lawyers, including 87 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurgaon, Ahmedabad, Kolkata, Bangalore and Chennai


 
 
For press background on Shardul Amarchand Mangaldas & Co. (SAM & Co.)

click here