CAM, Latham, Trilegal, Khaitan act on Manipal Hospitals ₹8,000 crore proposed IPO

Manipal Health Enterprises Limited has proposed an initial public offering of equity shares, consisting of a fresh issue of ₹8,000 crore and an offer for sale by certain existing shareholders of up to 43.23 million shares.

Cyril Amarchand Mangaldas is advising Manipal Hospitals on this IPO.

The core transaction team was led by Yash J Ashar (Senior Partner) and Janhavi Manohar (Partner), with support from Anjali Menon (Principal Associate), Associates Bhaskar Kumar, Tejaswi Sade, Parameswaran Chidamparam, Siddharth Kaushik and Legal Trainees Namita Kaushik and Mohnish Khandale.

Reeba Chacko (Senior Partner) and Kota Chandan (Partner) advised on certain corporate law related aspects of the transaction.

Bharath Reddy (Partner) advised on employment law related aspects of the transaction.

Swati Sharma (Partner, Head - Intellectual Property) with support from Sannat Chandna (PA – Designate) advised on intellectual property related aspects of the transaction.

Latham & Watkins is serving as the international legal counsel for Manipal Hospitals on this IPO.

Trilegal is advising the MEMG Group, including Dr. Ranjan Ramdas Pai, Manipal Global Health Services, MEMG International Ltd (promoters), and Manipal Education and Medical Group India Private Limited (promoter group selling shareholder), on this IPO.

The Capital Markets Team is led by Vijay Parthasarathi (Partner), with support from Associates Prajna Kariappa, Shashwat Raj Solanki, Jahnavi Jayasimha Rao, Vansh Dhoka, and Joseph George.

The Corporate Team is led by Harsh Maggon (Partner) and Ankit Kejriwal (Partner), with support from Nehal Binani (Senior Associate) and Dhanush T. (Associate).

The Finance Team is led by Kannan Rahul (Partner) and Vidhi Sarin (Partner), with support from Shreya Menon (Counsel).

Khaitan & Co is advising the book running lead managers (Kotak Mahindra Capital Company Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited, UBS Securities India Private Limited and DBS Bank India Limited) on this IPO.

The transaction team consists of Abhimanyu Bhattacharya (Partner), Aditya Cheriyan (Partner), Chirayu Chandani (Partner), Suman Prabhu (Partner), Tishita Mukherjee (Principal Associate), Hrithik Khurana (Senior Associate), Shweta Sivaram (Senior Associate), Vanshika Chaudhry (Senior Associate), Associates Pooja Agarwal, Kaushlendra Palawat, Dharini Shanker, Dipsa Prasanth, Mainak Pani, Aayushi Poddar and Dhananjay Sreeram.

Manipal Hospitals is one of India's leading multi-speciality hospital chains, operating 38 hospitals across 19 cities. Manipal Hospitals offers world-class, comprehensive super-specialty care to patients, combining advanced medical facilities with skilled healthcare professionals.

The proceeds from the IPO will be primarily used for refinancing debts as well as further strategic expansions.

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