Amarchand Mangaldas Mumbai office and AZB & Partners Delhi have advised on Goldman Sachs’s private equity arm $115m investment in conglomerate Max India.

Amarchand partner Ashish Jejurkar led the team for Goldman Sachs.

AZB partner Anil Kasturi, senior associate Thomas Phillippe and associate Neha Sahai advised Max India.

The Max India will issue fully and compulsorily convertible debentures (FCDs) for Goldmans’ stake.

Max India operates in the healthcare, IT services and financial services sectors.