JSA Advocates and Solicitors advised Dr. Alka Banker and Dr. Manish Bankeron the strategic acquisition of Banker IVF & Women’s Hospital by Indira IVF Hospital Private Limited, India’s largest chain of fertility clinics.
Under the terms of the transaction, Indira IVF will acquire a 100% stake in Banker IVF through a combination of primary and secondary share acquisitions. The deal will be executed in four staggered phases between now and 2028, marking a key consolidation move in India’s fertility care landscape.
Banker IVF & Women’s Hospital, based in Ahmedabad, Gujarat, is a leading fertility center known for its advanced diagnosis, treatment, and laboratory services in assisted reproduction, operating under the brand ‘Banker IVF’. Established by Dr. Manish Banker, the hospital has earned a distinguished reputation in fertility care.
In addition to the equity acquisition, the transaction includes separate Employment and Mentorship Agreements between Dr. Manish Banker and Indira IVF, under which Dr. Banker will play an ongoing strategic role in supporting Indira IVF’s pan-India operations.
This acquisition further strengthens Indira IVF’s leadership in the fertility care segment, enhancing its presence with a network of 150+ centers across India. Indira IVF offers a comprehensive range of fertility services including IVF, ICSI, donor programs, and fertility preservation.
The JSA transaction team was led by Bijal H. Chhatrapati (Partner), with support from Mohammed Abid Husain (Partner), who assisted in the due diligence exercise.
Bijal has an invaluable and rich experience in handling various types of litigations. The scope of his litigation expertise covers a wide range including corporate and commercial, intellectual property rights, arbitrations, writs under the Constitution of India, Admiralty.