Cyril Amarchand Mangaldas, Trilegal, and Latham & Watkins Advise on Manipal Hospitals' Acquisition of Sahyadri Hospitals
Cyril Amarchand Mangaldas, Trilegal, and Latham & Watkins provided legal counsel to Manipal Hospitals and Ontario Teachers' Pension Plan Board on the acquisition of Sahyadri Hospitals. The transaction involved comprehensive due diligence across various legal aspects, including real estate, financing, employment, and regulatory compliance.
Legal AdviceHospital AcquisitionDue DiligencePension FundReal EstateReal EstateJul 10, 2025
The due diligence was led by Chandan, with support from Subhankar Pasalapudi, Principal Associate; Anushka Sharma, Senior Associate; Sushant Khalkho, Associate; Akash Thomas Jose, Associate; Yash Chadha, Associate; Vishnu Mohan, Associate; and Aditya Gore, Consultant.
The real estate due diligence was led by Ritha Ulbyre, Partner, with support from Pavithra Rao, Senior Associate; Astha Krishna, Associate; Nitya Ravichandra, Associate; and Nishama Bhandari, Consultant.
The financing due diligence was led by Lakshmi Prakash, Partner.
The employment due diligence was led by Bishen Jeswant, Partner, with support from Akash Mishra, Principal Associate; and Shivika Gupta, Associate.
The litigation due diligence was led by Sharan Kukreja, Partner, with support from Tanisha Sunil Kumar, Principal Associate – Designate; Abhijna Somashekara, Senior Associate; Prashasthi Bhat, Senior Associate; Ajay TK, Associate; Lolita Crasta, Associate; Soundarya Rajagopal, Associate; and B Noor Ghousia, Associate.
The regulatory due diligence was led by Ashwin Sapra, Partner, with support from Kartik Jain, Principal Associate; Kritika Asawa, Senior Associate; and Bhavya Kansara, Associate.
Pranav Sharma, Partner; Sangita John, Partner; and Hariharan Kumar, Partner, assisted on financing related aspects of the transaction.
Avaantika Kakkar, Partner; Dhruv Rajain, Partner; with support from Rajat Sharma, Senior Associate; Vanya Agarwal, Associate; Pushkar Singh, Associate; and Ria Vora, Associate, assisted on competition related aspects of the transaction.
Amita Gupta Katragadda, Partner; Shaishavi Kadakia, Partner; with support from Pratyush Khanna, Principal Associate; Nayani Agarwal, Senior Associate; and Naomi Manoj, Associate, assisted on certain other legal aspects of the transaction.
Trilegal advised Ontario Teachers' Pension Plan Board on the transaction. The Trilegal Corporate team was led by Partners Sanjam Arora and Vishal Sagar. They were supported by Pallavi Banerjee (Partner, Banking & Finance), Kunal Shah (Partner, Real Estate), Gauri Chhabra (Partner, Competition), and Kanishka Maggon (Partner, Labour & Employment).
Latham & Watkins also advised Ontario Teachers' Pension Plan Board on this stake sale. The firm had previously advised Ontario Teachers' on the acquisition of this stake in 2022.
Frequently Asked Questions
Who advised Manipal Hospitals on the acquisition of Sahyadri Hospitals?
Cyril Amarchand Mangaldas (CAM) advised Manipal Hospitals on the acquisition of Sahyadri Hospitals.
What was the role of Trilegal in this transaction?
Trilegal advised Ontario Teachers' Pension Plan Board on the transaction, providing legal counsel on various aspects of the deal.
Which firm provided legal advice to Ontario Teachers' on the stake sale?
Latham & Watkins advised Ontario Teachers' Pension Plan Board on the stake sale of Sahyadri Hospitals.
What aspects of the transaction did CAM cover in their due diligence?
CAM covered various aspects of the transaction, including real estate, financing, employment, litigation, and regulatory due diligence.
Who led the real estate due diligence for CAM?
Ritha Ulbyre, Partner, led the real estate due diligence for CAM, with support from a team of associates and consultants.
Related News Articles
India's Luxury Housing Market: A Tale of Two Cities
Bengaluru's luxury housing sales dip despite overall real estate boom, while Mumbai and Pune drive growth
Defence, Power, and Renewable Stocks to Thrive in 2025: Antique's Insights
Antique, a leading financial brokerage, believes that the defence, power, and renewable energy sectors will perform exceptionally well in 2025. With a March 2026 Nifty 50 target of 26,500, Antique has identified key players and trends that are expected to
57 Housing Projects Face Deregistration in Maharashtra: 25 from MMR
As many as 57 housing projects in Maharashtra are set to be deregistered by the Maharashtra Real Estate Regulatory Authority (MahaRERA). A significant portion of these projects, 25 in total, are located in the Mumbai Metropolitan Region (MMR).
Property Box Transforms the Real Estate Landscape with Suma Kanakala as Brand Ambassador
The Property Box Podcast, hosted by Suma Kanakala, is set to provide valuable insights into the real estate market in Telugu, making it easier for listeners to understand and navigate the industry.
Union Budget 2025-26: Real Estate Firms Rejoice Over Tax Relief Plan
The Union Budget 2025-26 has brought a ray of hope for the real estate sector with the announcement of significant tax relief measures. The new provisions are expected to boost the industry and attract more investments.
Tier-2 and Tier-3 Cities See Surge in High-End Real Estate Acquisitions
In 2024, real estate developers in Tier-2 and Tier-3 cities acquired 44 percent of 3,294 acres, marking a significant shift towards luxury and ultra-luxury property segments. This trend highlights changing buyer preferences and the growing appeal of these