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L&L acts for Fortis Healthcare on $11m sale of 29% in Medical & Surgical Centre

Fortis Healthcare Friday said its subsidiary Fortis Healthcare International will sell its entire stake in Medical and Surgical Centre Ltd (MSCL).

“Fortis Healthcare International Ltd (FHIL), a wholly owned subsidiary of Fortis Healthcare Ltd, which is incorporated in Mauritius, has entered into a share purchase agreement with CIEL Ltd, CIEL Healthcare Ltd and MSCL, for, sale of the entire shareholding held by FHIL in MSCL, representing 28.89 per cent (164,670,801 shares) holding of the total issued and paid up equity share capital of MSCL,” stated a regulatory filing.

L&L Partners advised Fortis Healthcare Limited along with its group companies, led by a team of partners Sundeep Dudeja and Vaibhav Kakkar, managing associate Prashant Shah, senior associate Sahil Arora and associate Debarpan Ghosh.


Deal value: USD 11.14 Million (393.6 Million Mauritius Rupees)

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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