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JMP, AZB acts on Cygnus Medicare $18m sale to Amar Ujala media

New Delhi: Leading media firm Amar Ujala Ltd has acquired a majority stake in Cygnus Medicare, which operates a chain of super specialty hospitals, for around Rs 130 crore as part of its expansion plans in the healthcare segment. Cygnus Medicare currently has more than 1,000 beds across its 10 super speciality hospitals in Delhi and Haryana.

The Economic Times

Jerome Merchant + Partners advised Cygnus Medicare Private Ltd led by a team of partner Murtaza Somjee along with associate Sumedha Kalra.

Update 5 December 2019: AZB & Partners advised Amar Ujala Ltd led by a team of partner Anu Tiwari and senior associate Tanya Pahwa.

Deal value: INR 130 crores

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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