Dealstreet

Khaitan advises UltraTech Cement on majority stake acquisition in The India Cements

The acquisition was made through secondary acquisitions and mandatory tender offer.

Bar & Bench

UltraTech Cement Limited has struck a deal with N Srinivasan and his family to acquire a majority stake in The India Cements Limited.

As per the release, Ultratech will pay ₹3,954 crore at ₹390/share to buy 32.72 per cent stake in India Cements from the promoters and their associates.

Khaitan & Co advised and assisted UltraTech Cement on structuring the transaction, preparing transaction documents and mandatory tender offer.

The transaction team consisted of Haigreve Khaitan (Senior Partner), Abhishek Dadoo (Partner), Niren Patel (Partner), Shashank Patil (Counsel), Jayantika Khanna (Principal Associate), Aman Bagaria (Senior Associate) and Vritika Lakhwani (Associate).

Haigreve Khaitan, Abhishek Dadoo, Niren Patel

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.

Also Read

Supreme Court restores custody of child to mother after open court hearing in review petition

Beyond Privity: Non-Signatory Joinder in Arbitration

CAM, Khaitan, Hogan Lovells act on Navin Fluorine International ₹750 crore QIP

Army officer assault: Punjab and Haryana HC says Chandigarh police probe tainted, transfers case to CBI

“Hands Up!" Delhi court's unique punishment for time-wasters

SCROLL FOR NEXT