TT&A advised Asian Development Bank in execution of documents for subscription to unlisted, secured, unrated, redeemable, transferable and interest bearing non-convertible debentures, for an amount not exceeding INR 1,500,000,000 to be issued by Cygnus Medicare Private Limited on a private placement basis Limited to expand access to affordable and quality health care in northern India. The financing will support Cygnus’s plans to establish up to 6 new hospitals in tier-2 and tier-3 cities and strengthen and upgrade its existing hospitals by adding specialty departments.

TT&A Team: Gautam Saha – Joint Managing Partner; Pallavi Meena & Pragya Sood – Partners; Yashika Jain – Managing Associate and Radhika Sarda – Associate