Birla Corp has bought two cement units of Lafarge India that the French company has to sell to conclude its $44 billion global merger with Holcim to create ‘LafargeHolcim’..Nishith Desai Associates acted for Birla Corp with a team led by Nishchal Joshipura and Karan Kalra along with Abhinav Harlalka and Tanya Pahwa..AZB & Partners acted for Lafarge with a team led by Managing Partner Zia Mody along with Partner Alka Nalavdi and Senior Associate Qais Jamal..As a precondition to clearing the Indian leg of the merger, the Competition Commission of India had directed Lafarge to sell the two assets in Chhattisgarh and Jharkhand, reports Mint..Talwar Thakore Associates’ Vinod Dhall is advising Lafarge on the competition law aspect along with Managing Associate Ram Kumar and Associate Avinash Amarnath..Cyril Amarchand Mangaldas is acting for Holcim with a team led by Corporate Partner Ashwath Rau and Competition Law Partner Nisha Kaur Uberoi..Birla Corp will use 1,500 crore of the 1,700 crore of cash and cash equivalent on its books to fund the acquisition. Additional debt of approximately 3,500 crore will be raised from a consortium including Deutsche Bank, Axis Bank, State Bank of India and IndusInd Bank, reports ET..Kriscore Financial Advisors and SBI Capital Markets were financial advisers to Birla Corp while Citi and Arpwood advised Lafarge.
Birla Corp has bought two cement units of Lafarge India that the French company has to sell to conclude its $44 billion global merger with Holcim to create ‘LafargeHolcim’..Nishith Desai Associates acted for Birla Corp with a team led by Nishchal Joshipura and Karan Kalra along with Abhinav Harlalka and Tanya Pahwa..AZB & Partners acted for Lafarge with a team led by Managing Partner Zia Mody along with Partner Alka Nalavdi and Senior Associate Qais Jamal..As a precondition to clearing the Indian leg of the merger, the Competition Commission of India had directed Lafarge to sell the two assets in Chhattisgarh and Jharkhand, reports Mint..Talwar Thakore Associates’ Vinod Dhall is advising Lafarge on the competition law aspect along with Managing Associate Ram Kumar and Associate Avinash Amarnath..Cyril Amarchand Mangaldas is acting for Holcim with a team led by Corporate Partner Ashwath Rau and Competition Law Partner Nisha Kaur Uberoi..Birla Corp will use 1,500 crore of the 1,700 crore of cash and cash equivalent on its books to fund the acquisition. Additional debt of approximately 3,500 crore will be raised from a consortium including Deutsche Bank, Axis Bank, State Bank of India and IndusInd Bank, reports ET..Kriscore Financial Advisors and SBI Capital Markets were financial advisers to Birla Corp while Citi and Arpwood advised Lafarge.