UltraTech Cement Group, owned by the Aditya Birla Group, will acquire two of Jaiprakash Associates’ cement plants for 5400 crore, making it one of the biggest deals in the cement sector..A team from Amarchand Mangaldas comprising Mumbai-based Managing Partner Cyril Shroff, Corporate Partner Tushar Mavani and Competition Law Partner Nisha Kaur Uberoi acted for UltraTech in the proposed acquisition..Jaiprakash Associates was represented by a team from Vaish Associates led by Mumbai Managing Partner Bomi Daruwala..The acquisition of the plants at Bela and Sidhi would increase UltraTech’s capacity by 4.9 million tonnes per annum, reports ET..Last year, UltraTech had acquired the Gujarat cement plants of Jaiprakash Associates for around 3800 crore..Image taken from here.
UltraTech Cement Group, owned by the Aditya Birla Group, will acquire two of Jaiprakash Associates’ cement plants for 5400 crore, making it one of the biggest deals in the cement sector..A team from Amarchand Mangaldas comprising Mumbai-based Managing Partner Cyril Shroff, Corporate Partner Tushar Mavani and Competition Law Partner Nisha Kaur Uberoi acted for UltraTech in the proposed acquisition..Jaiprakash Associates was represented by a team from Vaish Associates led by Mumbai Managing Partner Bomi Daruwala..The acquisition of the plants at Bela and Sidhi would increase UltraTech’s capacity by 4.9 million tonnes per annum, reports ET..Last year, UltraTech had acquired the Gujarat cement plants of Jaiprakash Associates for around 3800 crore..Image taken from here.