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Kochhar & Co. advised Samridhi Fund

Kochhar & Co. advised Samridhi Fund through its investment managers SIDBI Venture Capital in respect of the investment in Glocal Healthcare Systems Private Ltd. to the amount of INR 25 crores which is as part of Glocal’s plan to set up fifty 100 Bed Secondary Hospitals in the states of Uttar Pradesh, Bihar, West Bengal, Chattisgarh, Orissa & Jharkhand. These high quality hospitals will provide affordable healthcare to the most underserved parts of the country. The legal advice and support included advice on the term sheet/structure of the transaction, preparation, negotiation of investment documents and closing related issues.

The team was led by Ms. Anjuli Sivaramakrishnan, Partner and comprised of Ms. Priti Bansal, Senior Associate and Ms. Arshiya Mohan, Associate.

The Samridhi Fund was launched as a private sector development programme by Department for International Development (DFID) in partnership with Small Industries Development Bank of India (SIDBI).

Glocal Healthcare Systems Pvt Ltd, headquartered in Kolkata is pioneering the space of affordable secondary level of healthcare in underserved parts of the country. It already has hospitals in Sonamukhi, Bankura; Dubrajpur, Birbhum, Nagar, Murshidabad; Bolpur, Birbhum & Behrampur, Murshidabad. It is in the process of setting up 50 more hospitals in the six, eastern and northern states of the country.


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