Introduction to the Composite Scheme of Arrangement
In a significant legal undertaking, Khaitan & Co has successfully advised on a Composite Scheme of Arrangement involving RPSG Ventures Limited, Woodlands Multispeciality Hospital Limited, and Clarionix Healthcare Private Limited. This scheme is conducted under the statutory framework of Sections 230–232 of the Companies Act, 2013.
Details of the Scheme
The arrangement orchestrates the amalgamation of Woodlands Multispeciality Hospital Limited with RPSG Ventures Limited. Furthermore, it delineates the transfer and vesting of the Hospital & Nursing Undertaking from RPSG Ventures Limited to Clarionix Healthcare Private Limited, which is a wholly-owned subsidiary of RPSG Ventures.
Khaitan & Co’s Role and Team
Khaitan & Co’s transaction team played a pivotal role in navigating the complex legal landscape of this arrangement. The team was led by distinguished professionals including Haigreve Khaitan, the Managing Partner, and Hiten Kotak, the Executive Director. Their expertise was complemented by Partners Mehul Shah, Rusha Mitra, Aman Yagnik, and Raghav Kumar Bajaj. The team was further supported by Vishal Samnani, Principal Associate, and Anmol Sharma, Associate.
Conclusion
This strategic legal maneuver not only highlights Khaitan & Co’s adeptness in corporate law but also marks a significant development in the corporate restructuring landscape involving major industry players like RPSG Ventures and Woodlands Hospital.
