RS Holdings Limited has entered into a shareholders’ cum joint venture agreement with HIM Infra General Trading LLC, pursuant to which RS and HIM shall hold 50:50 shareholding in the RSC Holding FZE, which owns Pure Cement as its wholly owned subsidiary.

The deal also involves a long-term limestone supply agreement between an RS affiliate and the ProjectCo, as well as a long-term clinker off-take agreement between HIM and the ProjectCo. The total consideration is $38 million.

Khaitan & Co advised Riddhi Siddhi group in relation to the shareholders’ cum joint venture agreement with HIM Infra General Trading LLC.

The transaction team consisted of Sharad Abhyankar (Partner), Bhavya Bhankharia (Principal Associate) and Arka Banerjee Choudhury (Associate).

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