Saraf And Partners Support Fortis, FMHL In IHH Stake Acquisition

Saraf and Partners acted as legal counsel to Fortis Healthcare Limited (FHL) in connection with open offer to acquire 26.1% stake in FHL by IHH Healthcare Berhad and its wholly-owned subsidiaries, Northern TK Venture and Parkway Pantai, valued at INR 4409 Crores. Following resolution of pending judicial proceedings and extensive interface with regulatory authorities, the open offer has been concluded in November 2025.

Saraf and Partners also advised Fortis Malar Hospitals Limited (a subsidiary of FHL) in relation to IHH Healthcare Berhad’s open offer to acquire 26.11% stake in FMHL.

The transaction team consisted of Vaibhav Kakkar (Senior Partner), Sahil Arora (Partner), Debarpan Ghosh (Partner), Paayas Pandit (Senior Associate), Anuj Garg (Senior Associate), Sonia Mangtani (Associate) and Umang Agarwal (Associate).

The disputes team was led by Sanjeev Kumar Sharma (Senior Partner) and Sanya Sud (Partner Designate) and included Vaishali Goyal (Principal Associate) and Raahul Sharma (Associate).

IHH Healthcare Berhad and its subsidiaries were advised by S&R Associates. 

S&R's transaction team was led by Sandip Bhagat (Partner), Rajat Sethi (Partner) and Raya Hazarika (Partner), and included Stuti Dhundia (Senior Associate), Srikari Kancherla (Senior Associate), Vishvesh Vikram (Associate) and Rishabh Uppal (Associate). S&R's disputes team consisted of Niti Dixit (Partner), Savani Gupte (Partner), Ishita Mathur (Principal Associate), Sameer Gupta (Associate) and Lokesh Rajoria (Associate).