Fortis Healthcare is increasing its stake in pathology chain SRL Ltd by purchasing shares from private equity firm Sabre Capital and its related entities for Rs 105.2 crore ($16 million)..Vaish Associates acted for Fortis with a team led by Vikas Keyal, who heads the firm’s corporate practice in Bangalore along with Associate Sruthi Srinivasan..Trilegal acted for Sabre Capital with a team led by Mumbai Partner Kunal Chandra..The deal, which values SRL at Rs 3,395 crore ($513 million), will push up Fortis’ stake in the pathology chain to 57 per cent from 53.9 per cent, according to VCCircle.
Fortis Healthcare is increasing its stake in pathology chain SRL Ltd by purchasing shares from private equity firm Sabre Capital and its related entities for Rs 105.2 crore ($16 million)..Vaish Associates acted for Fortis with a team led by Vikas Keyal, who heads the firm’s corporate practice in Bangalore along with Associate Sruthi Srinivasan..Trilegal acted for Sabre Capital with a team led by Mumbai Partner Kunal Chandra..The deal, which values SRL at Rs 3,395 crore ($513 million), will push up Fortis’ stake in the pathology chain to 57 per cent from 53.9 per cent, according to VCCircle.