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Deal: IPO by GPT Healthcare (ILS Hospitals)

01 Mar 2024

Trilegal expansion news

Trilegal advised GPT Healthcare Limited (also known as ILS hospitals), the healthcare arm of GPT Group, in connection with the IPO of its equity shares.

GPT Healthcare Limited operates a chain of mid-sized full-service multispeciality hospitals under the ILS Hospitals brand and offers a comprehensive range of healthcare services across over 35 specialties and super specialties. GPT Healthcare Limited is one of the key regional corporate healthcare companies in Eastern India in terms of number of beds and hospitals as of Fiscal Year 2023, as per CRISIL. It is the first hospital chain in Eastern India to be listed on BSE and NSE.

BanyanTree divested its entire shareholding in GPT Healthcare through the IPO. The proceeds from the IPO will be utilised for repayment of existing debt and general corporate purposes. JM Financial acted as the book running lead manager on the IPO.

The Trilegal team was led by our Partners, Bhakta Patnaik, and Albin Thomas, along with Attorneys Aditya Dsouza, Jahanvi Jain, Anoushka PV, Janhavi Shah, Mahima Chhabrani, Akanksha Goel and Pratyusha Dasgupta.

Media Link:

GPT Healthcare share price makes a lukewarm debut, stock opens with 15.6% premium at ₹215 apiece on NSE | Mint (livemint.com)

About Trilegal

Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.

Trilegal has been recognised as the India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020; and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020.

For more information, please contact:

Sahil Wason
Mob: +91-8928008122 | BD@trilegal.com

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