June 21, 2024


Advocacy. Mediation. Success.

Cyril Amarchand Mangaldas advises on acquisition of Ambuja Cement and ACC Ltd by the Adani Group for USD 10.5 billion

Cyril Amarchand Mangaldas acted as the legal counsel to the Adani Group on its acquisition of controlling desire held by Holcim Team in Ambuja Cements Restricted and ACC Restricted. This is the greatest transaction in India’s infrastructure and components space, valued at USD 10.5 billion, and has induced two open up provides, each in regard of Ambuja Cements Limited and ACC Restricted.

The Typical Company (exclusively General public M&A), Funding and Opposition Legislation Practices of Cyril Amarchand Mangaldas encouraged on the Transaction. The transaction was led by Cyril ShroffManaging Companion alongside with Anchal DhirCompanion and Paridhi AdaniAssociate.

The Open Present course of action is being led by Anchal DhirSpouse along with Aditya PrasadHusband or wife and Navin KumarLover.

The Funding features of the transaction had been led by Santosh JanakiramHusband or wife & Head-Assignments and Subhalakshmi NaskarHusband or wife with guidance from Anand DeshpandePrincipal Associate.

The Level of competition Regulation advisory and application method was led by Avaantika KakkarCompanion and Head Competitors and Kirthi SrinivasAssociate, with support from Aakriti ThakurAffiliateSwaha SinhaAffiliate.

The Owing Diligence Group provided (i) Corporate and Finance &#8211 Anand DeshpandePrincipal Affiliate Suryanarayana MohanAffiliate and Janani Chandrasekaran, Associate (ii) Litigation &#8211 Monark Gahlot, Of Counsel Anush MathkarPrincipal Associate and Rishit Vimadalal Affiliate (iii) Opposition Law &#8211 Kirthi SrinivasPartner and Shivani SatheAssociate.

As a portion of the Transaction, Endeavour Trade and Financial commitment Ltd (a Mauritius incorporated corporation belonging to the Adani Group) is to receive 100% shareholding of Holderind Investments Ltd, Mauritius (promoter of Ambuja Cements Ltd and ACC Ltd) from Holderfin B.V, a Holcim team corporation.

Latham & Watkins acted as English legislation counsels to Adani Team for the Transaction.

The Transaction was signed on 15th May, 2022.

The article Cyril Amarchand Mangaldas advises on acquisition of Ambuja Cement and ACC Ltd by the Adani Team for USD 10.5 billion appeared first on Lawful Desire.