Dalmia Bharat has signed a deal with KKR to acquire the global private equity giant’s 15 per cent stake in its subsidiary Dalmia Cement Bharat Ltd for over Rs. 1,218 crore in a cash and stock deal..AZB & Partners acted for KKR with a team led by Mumbai Partner Ashwin Ramanathan along with Senior Associates Roxanne Anderson and Nitin Gupta..Khaitan & Co acted for Dalmia Cement with a team led by Delhi Partner Bharat Anand along with Senior Associate Pashupati Nath and Associates Bhaskar Banerjee and Sanchit Agarwal. Partner Sanjay Sanghvi with Principal Associate Vinita Krishnan advised on the Direct tax aspects..The deal has earned the private equity player a return of 2.4 times on its investment of Rs 500 crore that it made in September 2010, reports ET.
Dalmia Bharat has signed a deal with KKR to acquire the global private equity giant’s 15 per cent stake in its subsidiary Dalmia Cement Bharat Ltd for over Rs. 1,218 crore in a cash and stock deal..AZB & Partners acted for KKR with a team led by Mumbai Partner Ashwin Ramanathan along with Senior Associates Roxanne Anderson and Nitin Gupta..Khaitan & Co acted for Dalmia Cement with a team led by Delhi Partner Bharat Anand along with Senior Associate Pashupati Nath and Associates Bhaskar Banerjee and Sanchit Agarwal. Partner Sanjay Sanghvi with Principal Associate Vinita Krishnan advised on the Direct tax aspects..The deal has earned the private equity player a return of 2.4 times on its investment of Rs 500 crore that it made in September 2010, reports ET.