Shardul Amarchand Mangaldas and Co. advises in relation to bulk trade of Apollo Hospitals shares by Integrated (Mauritius) Healthcare Holdings

| Updated: Mar 08, 2017 00:42 IST

New Delhi [India], Mar 7 (ANI-NewsVoir): Shardul Amarchand Mangaldas advised in relation to the bulk trade by Integrated (Mauritius) Healthcare Holdings Limited ("IHH") (owned by Khazanah Nasional Berhad) in shares of Apollo Hospitals Enterprise Limited. As a part of the transaction, IHH sold over six percent stake in Apollo Hospitals Enterprise Limited, for USD 160 million, through an accelerated book build, with the Deutsche Bank Group acting as the sole book runner. The Capital Markets team of Shardul Amarchand Mangaldas advised the Deutsche Bank Group on this transaction. The team was led by Manjari Tyagi, Partner and included Ishita Kashyap, Associate. Other legal advisors involved in the transaction were Herbert Smith Freehills LLP (International legal counsel to Deutsche Bank Group) and Desai and Diwanji (Indian legal counsel to IHH). The trade was undertaken on March 3, 2017. (ANI-NewsVoir)