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

Sabarimala reference hearing: Live updates from Supreme Court - Day 14

Collegium recommends 9 advocates for appointment as Calcutta High Court judges

Madhya Pradesh High Court judge cycles to Court after PM Modi's appeal to save fuel

TVK MLA moves Supreme Court against Madras HC order restraining him from voting in floor tests

Karnataka High Court seeks ED's response to Gameskraft founders' plea against arrest

SCROLL FOR NEXT