Cyril Amarchand Mangaldas acts on Ambuja Cements – Orient Cement merger

Ambuja Cements Limited and Orient Cement Limited are set to merge, which will entail the issuance of equity shares by Ambuja to the shareholders of Orient and the cancellation of shareholding of Ambuja in Orient.

Cyril Amarchand Mangaldas advised both Ambuja Cements and Orient Cement on this deal. The transaction team advising Ambuja was led by Ruetveij Pandya (Partner) and Nishikant Sao (Partner Designate), with support from Associates Manjri Singh, Anoushka Ishwar and Pratiti Shah.

The transaction team advising Orient was led by Molla Hasan (Partner) with assistance from Associates Sameer Seshadri and Shailja Beria.

Additionally, CAM also advised the clients on various matters relating to the transaction, which was led by Paridhi Adani (Partner, Head-Ahmedabad) along with Jinal Mehta (Partner) and Jaideep Kodali (Partner) with support from Gaurav Utagikar (Senior Associate), Associates Pauravi Kolhe and Smitanshu Choudhary.

The competition law advisory team was led by Avaantika Kakkar (Partner, Head - Competition Law), with support from Associates Mohini Parghi and Pushkar Singh.

The transaction was done under the overall strategic guidance of Cyril Shroff (Managing Partner) and L. Viswanathan (Senior Partner).

Ambuja Cements and Orient Cement are public listed companies, and both companies are engaged in the business of manufacturing and selling cement and cement related products.

Ambuja is also undergoing a merger with ACC Cement.

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