DMD Advocates served as the legal advisor to New Delhi Centre for Sight (NDCFS), a prominent eye care hospital chain in India, as it embarks on a strategic expansion across the country. This expansion involves a series of acquisitions, business transfers, and strategic partnerships.
Key Transactions in the Expansion
The expansion plan includes several notable transactions:
- The acquisition of Saraswati Nethralaya in Haryana.
- Acquiring equity and establishing a collaboration with Mehta Eye Clinic Private Limited in Maharashtra.
- The acquisition of Jhamwar Eye Hospital in Maharashtra.
- A strategic joint venture and investment transaction with Ratan Jyoti Netralaya in Madhya Pradesh.
- A similar collaboration and investment initiative with Paliwal Eye Hospital in Rajasthan.
- The acquisition of equity and collaboration with Dr. Subodh Agarwal Memorial Eyecare Private Limited in Uttar Pradesh.
- The acquisition of Confetti Holdings Private Limited in Guwahati.
Role of DMD Advocates in the Expansion
DMD Advocates played a pivotal role throughout these transactions by conducting legal due diligence on certain target entities, structuring, drafting, and negotiating definitive documents, and advising on various regulatory and commercial aspects. The firm also assisted with fulfilling closing conditions and ensuring overall transaction completion.
Leadership and Legal Team
The series of transactions were spearheaded by Rashi Dhir (Senior Partner & Head of Corporate) and Tarinee Sudan (Partner), with significant contributions from Priyanka Hazarika (Senior Associate) and Associates Srishti Pandey, Jasmine Brar, Sarvagya Shankar, Shriya Sehgal, and Rohan Chatterjee.
Impact of the Expansion
These strategic moves mark a substantial milestone in NDCFS’s growth strategy, enhancing its footprint across multiple states and broadening its network of eye care facilities nationwide.
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In a related development, ELP has advised Centre for Sight on the acquisition of The Eye Clinic in Dehradun.
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