Chandhiok & Mahajan advises Dalmia Cement on acquisition of cement business from Jaiprakash Associates

Dalmia Cement (Bharat) Limited has acquired of the cement business of Jaiprakash Associates Limited, comprising a total grinding capacity of 5.75 million tonnes per annum.

Chandhiok & Mahajan advised Dalmia Cement on this acquisition. The C&M team provided comprehensive legal support across corporate and regulatory workstreams on this transaction. The team advised Dalmia Cement on all aspects of the transaction, including corporate structuring, due diligence, execution of definitive agreements, regulatory filings, and ancillary matters.

The transaction team was led by Pooja Mahajan (Partner and Head of Restructuring & Insolvency Practice) and supported by Nishant Sogani (Partner).

The due diligence and closing support team comprised Natasha Tuli (Partner), Lovejeet Singh (Partner), Vikram Sobti (Partner), Arveena Sharma (Counsel), Savar Mahajan (Counsel), Shivani Pathak (Managing Associate), Aditya Pandey (Managing Associate), Sneh Choudhary (Senior Associate), Abhay Goyal (Senior Associate), Ichchha Kalash (Senior Associate), Karan Vir Khosla (Senior Associate), Suchitra Dey (Senior Associate), Associates Srivatsava Reddy Beerapalli, Poojal Agarwal, Palak Taori and Alisha Bhagat.

The transaction marks a significant step in the consolidation of India’s cement sector and reinforced Dalmia Cement’s position as one of India’s leading cement manufacturers, further expanding its operational footprint across the country.

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