Shardul Amarchand Mangaldas & Co. (SAM) advised Medi Assist Healthcare Services Limited (“Medi Assist”) on its ~INR 198 crores fundraising through preferential issue of equity shares to Massachusetts Institute of Technology (MIT) and 2

The transaction involved the issuance and allotment of fully paid-up equity shares of Medi Assist on a preferential basis to the Investors, who are qualified institutional buyers and SEBI-registered foreign portfolio investors. Following the Preferential Issue, Massachusetts Institute of Technology and 238 Plan Associates LLC hold 3.86% and 1.08%, respectively, of the total share capital of Medi Assist. IIFL Capital Services Limited acted as the financial advisor to the transaction.38 Plan Associates LLC (collectively, the “Investors”).

The SAM team was led by Prashant Gupta, National Practice Head – Capital Markets; Devesh Pandey, Partner, along with Jasmine Khan, Senior Associate; Anushka Ganguli, Associate; and Sourav Paul, Associate.

About Shardul Amarchand Mangaldas & Co:

Shardul Amarchand Mangaldas & Co. (SAM), founded on a century of legal achievements, is one of India’s leading full-service law firms with the ISO/IEC 27001:2022 certification - the latest global benchmark for Information Security Management Systems. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & restructuring, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, white collar crime, technology law, infrastructure, energy and project finance.

With the full suite of Harvey AI functionalities, the Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 900 lawyers, including 188 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.

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