AZB & Partners advised LeapFrog Investments on its investment of USD 40 million for a minority stake in Marengo Asia Hospitals.
The deal team comprised our Senior Partner Nandish Vyas; along with Senior Associates Karun Jhangiani, Vyoma Mehta, and Bhanu Pratap Joshi; and Associates Prapti Parwani, Avani Laad, and Rishav Sen.
The diligence aspects were handled by Partners Nishanth Ravindran, Nandan Pendsey, and Malini Raju; along with Senior Associates Riddhi Tulshian, Ankit Dutta, and Prannathi Ajith Kumar; and Associates Freya Irani, Apurva Vats, Abhinav Shankarraman, Ayush Tripathi, Rikhil Haldar, and Shefali Deshmukh. The competition aspects were supported by Senior Partner Bharat Budholia and Senior Associate Vayshnavi Ganesh. The regulatory compliance aspects were supported by Partner Prerak Ved and Associate Tanaya Doshi.
Originally published 16 September, 2026