Amarchand, NDA inject IDFC’s Rs 125 cr investment in Medi Healthcare

Wednesday, 23 October 2013 By Legally India Private equity / VC

Amarchand Mangaldas advised IDFC Alternatives – the alternate investment arm of infrastructure financier IDFC Private Equity Fund - in its Rs 125 crore investment ($20m) in Bangalore-based health insurer Medi Assist Healthcare. Medi Assist was advised by Nishith Desai Associates.

Amarchand Mumbai partners Shashikant Bhojani and Leena Chacko acted for IDFC Alternatives which made the investment through IDFC Private Equity Fund III, according to an Amarchand press release.

NDA Mumbai partner Nischal Joshipura acted for Medi Assist, which counted Bessemer Venture Partners as an investor since 2011 from its first round of funding, as reported by the Economic Times.

Amarchand MangaldasNishith Desai Associates

Comments

Guest 23 Oct 2013, 15:18
+0 -0
@ Kian: No update on the flipkart deal ???
Partner Overload 23 Oct 2013, 18:33
+9 -2
Two senior banking partners from AM on a 100 crore deal and no associates. This is what happens when you slave drive. Principal associates and senior associates leave!
Funny 24 Oct 2013, 03:19
+6 -0
This is very interesting. IDFC hired 2 banking partners for a second round funding deal. This is a new 'eat what you kill' model
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