Medi Assist Insurance TPA has signed a definitive agreement with Fairfax Asia and Nayan Shah & family to acquire Paramount Health Services & Insurance TPA for ₹311.18 crore.

Nishith Desai Associates acted as the legal advisor to Medi Assist on this transaction.

The transaction team consisted of Nishchal Joshipura (Co-lead, PE and M&A), Harshita Srivastava (Co-lead, PE and M&A), Khyati Dalal (Leader, PE and M&A) and Anirudh Arjun (Senior Member, PE and M&A).

AZB & Partners acted as legal advisor to Fairfax Asia and the Shah family on this transaction.

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