Shardul Amarchand Mangaldas & Co. advises Apollo on the slump sale from Apollo Hospitals Enterprise Limited to Apollo Healthco Limited

April 4, 2022

Apollo Hospitals Enterprise Limited (AHEL) announced on 16 March, 2022, the transfer of its undertaking engaged in the business of procurement of pharmaceutical and other wellness products and wholesaling and supply of such products to pharmacies, including investment in the pharmacy retail business, and development, operation and management of the online platform for digital healthcare owned and operated by AHEL under the branding of “Apollo 24/7”, as a going concern on a slump sale basis, to its wholly owned subsidiary, Apollo Healthco Limited (AHL).

 

The deal is valued at approximately INR 1,210 crores subject to adjustments. The date of completion of the business transfer was 16 March, 2022.

 

The transaction team for the slump sale was led by Puja Sondhi, Partner; Aayush Kapoor, Partner; Roma A. Das, Principal Associate; Pooja Thomas, Senior Associate; Harjas Singh, Associate; Kanika Mittal, Associate; and Kaainat Pundir, Associate.

 

Shahana Chatterji, Partner; Kirti Mahapatra, Partner; Protiti Roy, Senior Associate; Prashanth Prakash, Associate; and Harleen Kaur, Associate, advised on various regulatory compliances.

 

Harman Singh Sandhu, Partner; and Rohan Arora, Partner, advised on competition law aspects.

 

Mrinal Kumar, Partner; Shrutikirti Kumar, Partner; and Karuna Sharma, Senior Associate, advised on real estate aspects.

 

J. V. Abhay, Partner; and Apoorva Murali, Principal Associate, advised on intellectual property law aspects.

 

Pooja Ramchandani, Partner; Kriti Kaushik, Principal Associate; Suruchi Kumar, Principal Associate; and Harshita Arora, Associate, advised on employment law related aspects.