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

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.

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