Seven Hills and its lenders have been engaged in legal proceedings over the defaults, with lawsuits having been filed by both parties. Photo: HTMumbai: Special situations fund AION Capital Partners is in talks to acquire the entire debt of close to $200 million of hospital chain Seven Hills Healthcare Pvt. Seven Hills Healthcare, founded by Dr Jitendra Maganti, operates two hospitals in Mumbai and Visakhapatnam. JP Morgan’s Asia infrastructure fund invested $72 million in Seven Hills Healthcare in 2008. Emails sent on Friday to Jitendra Maganti of Seven Hills Healthcare and other directors of the firm were not answered.

Source: Mint November 06, 2017 18:00 UTC