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Cyril Amarchand Mangaldas advised Linux Laboratories Private Limited on the acquisition of a stake by ChrysCapital and Tata Capital Healthcare Fund III, alongside the exit of Tata Capital Healthcare Fund II.
The S&R team was led by partner Jabarati Chandra, and included associate Ayushi Shrivastava.
The business transfer agreement was signed on August 17, 2026; and closing of the sale is subject to completion of the conditions set out under the business transfer agreement.
The Company operates India’s largest multispecialty hospital network by bed capacity and the second largest hospital chain by number of hospitals. The book running lead managers on this deal were 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.
The proceeds of the QIP are proposed to be utilized towards re-payment and /or prepayment of certain outstanding borrowings of the Company and certain of its subsidiaries, and general corporate purposes.
“After sanctioning the amount, if it is not used, the same gets lapsed at the cost of the health care system.”
Delhi High Court: Mukta Gupta, J. dismissed a petition for grant of interim bail filed by Dr Shivendra Mohan Singh of Fortis healthcare.