Dr. Purshotam Lal (and his affiliates) bought out the other shareholder group of Metro Speciality Hospitals Private Limited, Dr. SS Bansal and his affiliates. Metro Speciality Hospitals Pvt. Ltd. owns and operates Metro Heart Institute with Multispeciality, Faridabad. The parties were engaged in a long-standing shareholders’s dispute, including multiple litigations, all of which were settled as part of the transaction, according to https://www.jagran.com/haryana/faridabad-metro-hospital-news-21070578.html reports.

KT Advisors LLP advised the mediator as transaction counsel, preparing all transaction documents, led by a team of managing partner Kalpataru Tripathy, partner Ishita Bhardwaj and associate Rahul Gang.

SRGR Law Offices acted for Dr SS Bansal and his affiliates through partner Mohit Kumar, associate Rupali Sharma and associate Akash Agarwal.

Ramanil Ankur & Associates acted for Dr Lal and his affiliates, led by partner Ankur Goel.

Advocate Nachiket Joshi advised on litigation-related aspects.

2020-11-10

Deal value: Confidential

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