Emami Group
Emami Group

SAM, Khaitan lead on Emami Group cement biz sale to Nirma arm for 5,500 crore

Bar & Bench

Kolkata-based Emami Group has entered into an agreement with a Nirma group arm - Nuvoco Vistas Corporation Ltd - for the sale of its cement business, Emami Cement Ltd, for an enterprise value of Rs. 5,500 crore.

Shardul Amarchand Mangalas & Co advised Emami Group and the team was led by Partner Sakshi Mehra, along with Principal Associate Shiladitya Banerjee, Senior Associate Pragya Seth, and Associate Rohan Singh.

Due diligence team included Shiladitya Banerjee, Pragya Seth, Garima Tyagi, Rohan Singh, Rooha Khurshid, Siddharth Chauhan.

Partner Aparna Mehra advised on Competition law aspects.

Senior Associates Apoorva Murali and Leoni Mahanta advised on IP law aspects.

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