Deal Corner
August 18, 2015
Acquisition of Lafarge India's cement plants by Birla Corporation Limited

DEAL BRIEF

Birla Corporation Limited (“BCL”), a listed company headquartered in Kolkata, has agreed to acquire a part of the business of Lafarge India (Private) Limited (“LIPL) for an enterprise value of INR 5,000 crores (approximately USD 765 million). This business comprises of LIPL’s cement grinding unit at Jojobera (Jharkhand) and the integrated cement unit at Sonadih (Chhattisgarh). The acquisition is subject to regulatory approvals, including approval from the Competition Commission of India.

OUR ROLE

We, at Nishith Desai Associates, acted as the sole legal counsel to BCL and advised on strategic and legal aspects including legal and tax structuring, due diligence, negotiations and documentation and anti- trust matters.

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Deal Corner

August 18, 2015

Acquisition of Lafarge India's cement plants by Birla Corporation Limited

DEAL BRIEF

Birla Corporation Limited (“BCL”), a listed company headquartered in Kolkata, has agreed to acquire a part of the business of Lafarge India (Private) Limited (“LIPL) for an enterprise value of INR 5,000 crores (approximately USD 765 million). This business comprises of LIPL’s cement grinding unit at Jojobera (Jharkhand) and the integrated cement unit at Sonadih (Chhattisgarh). The acquisition is subject to regulatory approvals, including approval from the Competition Commission of India.

OUR ROLE

We, at Nishith Desai Associates, acted as the sole legal counsel to BCL and advised on strategic and legal aspects including legal and tax structuring, due diligence, negotiations and documentation and anti- trust matters.

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.