Khaitan & Co advised IDFC Alternatives Limited in relation to its investment for a minority stake in ASG Hospitals Private Limited through a mix of primary and secondary investment for $11m. IDFC Fund is a SEBI registered category II alternative investment fund focused on long-term equity investments in a diversified portfolio of projects.

The core transaction team comprised of Vineet Shingal (Partner), Deepak Jodhani (Principal Associate), Vinita Choudhury (Senior Associate) and Harsh Khemka (Associate). The core transaction team was assisted by the following additional lawyers in several practice areas:  Vinita Krishnan (Associate Director), Jimmy Bhatt (Senior Associate) in relation to certain direct taxation aspects of the deal; Sarayu Satish (Associate) and Praneetha Vasan (Associate) in relation to the due diligence of the Company; Anshul Prakash (Partner) and Abhishek Thanvi (Senior Associate) in relation to certain employment aspects; and Shailendra Bhandare (Counsel) in relation to certain IP aspects.