Billionaire BR Shetty’s Dubai-based group, owner of London-listed NMC Healthcare, has emerged as the highest bidder for debtridden SevenHills Hospital, multiple sources have confirmed to ET. Philanthropic initiative Reliance Foundation, investment bankers JM Financial, private equity player KKR and the Piramal Group are among the others that were in the fray for SevenHills, which has a hospital each in Mumbai and Visakhapatanam.

— The Economic Times

Desai & Diwanji advised BRS Ventures in the insolvency led by a team of partner Rachna Jain and assisted by partner Joebin Devassy, associate partner Nitya Chadha and senior associate Jatin Mittal from the corporate and real estate teams, with partner Samiron Borkataky and associate Kritika Angirish from the litigation team.

2018-08-25

Deal value: Rs 1,056

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