![Varun Sriram](http://media.assettype.com/barandbench%2F2024-02%2F2bce103a-30cc-48b9-8f5a-a51acf770c9f%2F11.jpg?w=480&auto=format%2Ccompress&fit=max)
Vizag Hospital and Cancer Research Centre Private Limited has proposed a sale of shares in Vizag Hospital to HealthCare Global Enterprises Limited for an Enterprise Value of ₹4,140 million.
The transaction is proposed to be completed in multiple tranches wherein HCG will acquire 51% of the equity share capital in Vizag Hospital in the first tranche and intends to complete the second tranche of acquisition of 34% of the equity share capital in the next 18 months.
The acquisition of the balance 15% of the equity share capital in Vizag Hospital may be pursuant to a time bound call option or put option.
JSA represented Vizag Hospital and Cancer Research Centre Private Limited and its shareholders on this transaction.
The transaction team consists of Varun Sriram (Lead Partner), Varsha Srinivasan (Principal Associate) and Nandini Menon V (Associate).
Vizag Hospital, owns and operates a comprehensive cancer care hospital in the city of Vishakhapatnam, Andhra Pradesh, with a well-built hospital infrastructure, led by Dr. Murali Krishna Voonna, a renowned onco-surgeon. The hospital boasts 196 operational beds and features advanced medical infrastructure.
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