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ILP, JSA, Ashurst on $10m JBIC PE in Takshasila Hospitals

Indian Law Partners and Ashurst advised the Japan Bank for International Cooperation (JBIC) on investing Rs 630 million ($10.5m) in Takshasila Hospitals which was advised by JSA.

ILP partners Piyoosh Gupta and Gaurav Wahie and associate Vaibhav Bhardwaj and Ashurst Tokyo partner Mark Davies, counsel Arabella Dove and associate Elaine Yik acted for JBIC.

JSA Bangalore partners Vivek Chandy and Raj Ramachandran, senior associate Neha Bhatia and associate Lalu John Philip acted for Takshasila and existing shareholders.

Takshasila Hospitals - a joint venture between Japanese hospital chain operator Secom with Toyota Tsusho Corporation and Kirloskar Group – had set up Sakra World Hospital in 2012 with an investment of about Rs 235 crore, reported VC Circle.

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