Deal Corner
August 29, 2024
NDA Represents Medi Assist in their proposed 100% acquisition of Paramount TPA from Fairfax and Dr. Nayan Shah & Family
DEAL BRIEF
Medi Assist Insurance TPA Private Limited has signed definitive agreements for proposed 100% acquisition of Paramount Health Services & Insurance TPA Pvt. Limited, a prominent player in the TPA space, owned by Fairfax Asia and the Shah family.
The abovementioned acquisition represents one of the largest TPA deals in India, with an equity value expected to exceed INR 4 billion. This acquisition also marks a milestone in the TPA sector consolidating Medi Assist’s position as a market leader.
OUR ROLE
We at Nishith Desai Associates, acted as the counsel for Medi Assist and advised Medi Assist on the legal and regulatory aspects in relation to the proposed acquisition of Paramount TPA.
DEAL TEAM
Media Coverage
https://www.bseindia.com/xml-data/corpfiling/AttachLive/4e404b6c-5f5f-47b5-9033-f28b51a913ad.pdf
