Motilal Oswal Alternates has made a $72 million investment to acquire a significant minority stake in the medical diagnostic equipment manufacturer, Sensa Core Medical Instrumentation Private Limited, through a combination of primary infusion and secondary purchase of shares.

JSA Advocates & Solicitors advised MO Alternates on this transaction.

The transaction team, who advised on the primary transactional aspects of the investment, was led by Vikram Raghani (Partner), with support from Akshay Bhargav (Partner), Vwastav Ghosh (Principal Associate), Manoj Mohapatra (Senior Associate), Associates Nishi Shah and Samika Pachouly, and Senior Company Secretary Niki Shah.

Preetha Soman (Partner), with support from Madhur Khandelwal (Senior Associate) and Tia Matthew (Associate) advised on Employment law aspects.

Probir Roy Chowdhury (Partner), with assistance from Shivani Bhatnagar (Senior Associate) and Nikhil George (Associate) advised on data protection and privacy-related aspects.

Khaitan & Co advised Sensa Core and its promoters on the transaction.

The core team consisted of Vivek Sriram (Partner), Karthik Sridhar (Senior Associate), Associates Akhila Deekshitha Baddepudi, Arvind Ramesh, Krisha Ajay Shah and Vishnu Vasudevan Chengath with assistance from:

Employment Law: Vinay Joy (Partner), Simran Sharma (Senior Associate) and Tanvi Shetty (Associate);

Intellectual Property: Shailendra Bhandare (Partner), Sourav Dan (Counsel) and Vaishali Adhikari (Associate).

Headquartered in Hyderabad, Sensa Core is engaged in the design, development, manufacturing and distribution of diagnostic devices, and dominates the domestic market for electrolyte analysers. Sensa Core also plays in glucometers, haemoglobin meters, and recently entered the arterial blood gas analyser segment.

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