“Fortis Healthcare has completed the acquisition of 51 per cent stake in Fortis Hospotel Ltd and also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre,” reported the Economic Times.

DMD Advocates senior partner Rashi Dhir and senior associate Raja Kishore advised Fortis Healthcare and Fortis Hospitals.

AZB & Partners partner Dhruv Singhal and associates Priyoma Majumder and Priyanka Butani, and Rajah & Tann Singapore partner Hoon Chi Tern advised Fortis Global Healthcare Infrastructure and Fortis Hospotel.

Consolidated value of the acquisitions was Rs 1500 crore, according to DMD.