AZB, PDS Legal act on Max Healthcare’s acquisition of 76% stake in Pushpanjali Crosslay Hospital

Bar & Bench

Max Healthcare Institute has acquired 76 per cent stake in Pushpanjali Crosslay Hospital for 287 crore ($48 million).

AZB & Partners acted for Max Healthcare with a team led by Delhi Partners Anil Kasturi, Niladri Maulik along with Senior Associates Shlok Chandra, Anisha Shridhar, Siddharth Khanna.

PDS Legal acted for Pushpanjali Crosslay Hospital with a team led by Partners Monica Deshmukh and Vihang Virkar. Both Monica and Vihang moved from Desai Diwanji to PDS Legal in January this year.

The deal includes fresh investments of 162 crore in the company and 125 crore for acquiring equity stakes from existing owners, reports ET.

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