Apollo Hospitals Enterprise Limited’s $160 Million Qualified Institutions Placement

Latham & Watkins represented the lead managers on the deal.

Apollo Hospitals Enterprise Limited executed the Rs. 11,699.99 million (US$160 million) Qualified Institutions Placement (QIP) with the equity shares listing on National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange of India.

The Book Running Lead Managers for this transaction were Bank of America, Axis Capital, J.P. Morgan and Kotak Mahindra Capital.

Apollo Hospitals is India’s largest private hospital chain. The company also has a presence across the full healthcare ecosystem, including pharmacies, primary care & diagnostic clinics and other retail health models.

The Latham deal team was led by Singapore partner and India Practice Group Head Rajiv Gupta (Picture), supported by Hong Kong associate, Zoe Wong and Singapore associate Esha Goel. Tax advice was provided by New York partners Jiyeon Lee-Lim and Greg Hannibal, and New York associate Sam Yang.

Involved fees earner: Esha Goel – Latham & Watkins; Rajiv Gupta – Latham & Watkins; Gregory Hannibal – Latham & Watkins; Jiyeon Lee-Lim – Latham & Watkins; Chun Ting Wong – Latham & Watkins; Sam Yang – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Axis Capital Holdings Ltd.; Bank of America; J.P. Morgan Securities LLC; Kotak Mahindra Capital Co. Ltd.;


Author: Michael Patrini