Bank of America Merrill Lynch (BofAML) and J M Financial Asset Reconstruction Company have together acquired up to 77 per cent of the total debt of cashstrapped SevenHills Healthcare, said two persons involved in the transaction. The purchase of the debt will give the consortium control over the two-hospital operator. — The Economic Times

AZB & Partners advised Axis Bank Limited, which was the largest creditor in the insolvency, led by a team of partners Ashwin Ramanathan, Anand Shah, and associates Shivanand Nayak, Saloni Thakkar, Kemi Gupta.

2018-05-25

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