Cyril Amarchand Mangaldas Acted as Legal Counsel to DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Citicorp Investment Bank (Singapore) Limited, and Mizuho Bank Ltd., Singapore Branch
The leading law firm in India, Cyril Amarchand Mangaldas, acted as legal counsel to DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Citicorp Investment Bank (Singapore) Limited, and Mizuho Bank Ltd., Singapore Branch in connection with the issuance of listed, rated, redeemable, and rupee-denominated non-convertible debentures (“NCDs”) by Fortis Healthcare Limited on a private placement basis. The proceeds from the issuance were utilised by the Issuer for the acquisition of shares of its subsidiary, Agilus Diagnostics Limited, from existing third-party investors, making the Target a wholly-owned subsidiary of the Issuer.
Cyril Amarchand Mangaldas acted as legal advisors to the investors, providing support on drafting and negotiation of the transaction documents, advising on the listing process, and overseeing condition precedent and condition subsequent compliances, including review of the offer documents.
The transaction Cyril Amarchand Mangaldas team was led by Sangita John (Partner) and Abhishek Khatri (Partner), with assistance from Anikait Vasantavada (Associate).
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