Fortis Health Care has acquired 51% economic interest in Fortis Hospotel Limited by way of acquiring compulsorily convertible debentures from Fortis Global Healthcare Infrastructure Pte Ltd.
The acquisition transaction was subject to approvals from shareholders, Singapore Exchange Securities Trading Ltd and unit holders of Religare Health Trust and has now been closed after obtaining these approvals.
DMD Advocates, led by Rashi Dhir, Senior Partner, and Raja Kishore, Senior Associate, advised Fortis Healthcare Limited on the Indian Law aspects.
AZB, led by Dhruv Singhal, Partner, Priyoma Majumder and Priyanka Butani, Associates, advised Fortis Global Healthcare Infrastructure Pte Ltd.
