Bofa-ML, JM buy 77% of SevenHills’ debt
The Bank of America-JM combine has bought Rs 910 crore of SevenHills’ total debt of Rs 1,300 crore from the lenders led by Axis Bank.

The Bank of America-JM combine has bought Rs 910 crore of SevenHills’ total debt of Rs 1,300 crore from the lenders led by Axis Bank.
Bankers on behalf of Metropolis Healthcare, one of India’s largest pathology labs networks, have approached Fortis bidders to acquire SRL Diagnostics through a spinoff deal.
Medical representative turned entrepreneur Ramesh Juneja-founded Mankind — with a heavy focus on selling affordable drugs in the semi-urban and rural markets — is seen as one of the better placed companies to weather an affordable generics push by the government.
"We will be primarily deploying the money in technology. It is about scaling and using tech to scale, " said Dharmil Sheth, cofounder of PharmEasy.
The firm, which runs a diagnostics laboratory chain across the country, will come out with a public issue of up to 10,744,708 equity shares of Rs 10 each for cash.