Dhir & Dhir, AZB on Max's acquisition of Jaypee Healthcare

Max Healthcare Institute Limited has acquired 64% stake in Jaypee Healthcare Limited, a wholly-owned subsidiary of Jaypee Infratech, for ₹398 crore, with an option to acquire the remaining equity over time.

Jaypee Healthcare Limited was relegated to insolvency proceedings under the Insolvency and Bankruptcy Code. The deal, valued at ₹1,660 crore, was executed during the Corporate Insolvency Resolution Process (CIRP) of Jaypee Healthcare.

Dhir & Dhir Associates advised and represented Jaypee Infratech and Lakshdeep Group in the entire legal proceedings including proceedings before the NCLT/NCLAT, ensuring compliance with regulatory requirements and protecting the interests of all stakeholders involved.

The transaction team consisted of Alok Dhir (Founder & Managing Partner), Sachin Gupta (Senior Partner), Varsha Banerjee (Partner) and Udita Singh (Senior Associate).

AZB & Partners represented Max Healthcare led by Senior Partner Niladri Maulik and Competition Partner Hemangini Dadwal along with Associates Deepanshu Poddar, Palak Jagetia Saurabh Batra, Sushrut Garg, Deepanshu Poddar and Palak Jagetia.

The acquisition is expected to restore Jaypee Healthcare’s operations and promote long-term sustainability, benefiting all stakeholders involved.

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