Shardul Amarchand Mangaldas & Co. advises Norwest Capital, LLC on its investment in Regency Hospital Limited

November 17, 2023

Shardul Amarchand Mangaldas advised Norwest Capital, LLC on its investment in Regency Hospital Limited through primary subscription to compulsorily convertible cumulative preference shares and a secondary acquisition of equity shares for a total consideration of INR450 crores.

Regency Hospital Limited is engaged in the business of establishing, operating, and maintaining hospitals, nursing homes, dispensaries, clinics and other similar health care centres and facilities.

The transaction team was led by Puja Sondhi, Partner; Aayush Kapoor, Partner; Pooja Thomas, Principal Associate; Paavani Gupta, Associate; Harjas Singh, Associate; and Arpit Saini, Associate.

The due-diligence team was led by Harjas Singh, Associate; Chirag Mangal, Associate; Kanika Mittal, Associate; Arpit Saini, Associate; Pratim Majumder, Associate; and Akshita Jain, Associate. The regulatory aspects of the due diligence exercise was led by Sadia Khan, Partner; Protiti Roy, Principal Associate; Aparajita Gupta, Senior Associate; Ambarish Deenadhayalraj, Associate; and Kumar Mangalam, Associate.

DSK Legal advised Regency Hospital Limited, Kois Holdings and Healthquad Fund I on the legal aspects, and Cyril Amarchand Mangaldas were the counsels for International Finance Corporation.