Jubilant Life Sciences’ wholly owned subsidiary - Jubilant First Trust Healthcare (JFTH), has sold its hospital business to Narayana Health. Anand Rathi Advisors were the Investment Bankers for the deal.
The business has been transferred on a going concern basis as a slump sale which will enable Jubilant Life Sciences to focus on its core businesses in Pharmaceuticals and Life Sciences. JFTH operates two hospitals in West Bengal, Kalpataru in Barasat and Rabindranath Thakur in Berhampore.
Jubilant Life Sciences is a global Pharmaceutical and Life Sciences Company engaged in manufacture and supply of APIs, Solid Dosage Formulations, Radiopharmaceuticals, Allergy Therapy Products and Life Science Ingredients.
