Dalmia Cement (Bharat) Limited has successfully acquired the cement business of Jaiprakash Associates Limited, enhancing its grinding capacity by 5.75 million tonnes annually. Legal expertise for this strategic acquisition was provided by the firm Chandhiok & Mahajan (C&M), who offered comprehensive legal support across multiple corporate and regulatory dimensions throughout the transaction.
The legal team at C&M meticulously guided Dalmia Cement through every aspect of the acquisition process. From corporate structuring to conducting due diligence, executing definitive agreements, and handling regulatory filings, the firm ensured a seamless transaction. Pooja Mahajan, Partner and Head of the Restructuring & Insolvency Practice at C&M, led the transaction team, with significant contributions from Partner Nishant Sogani.
The due diligence and closing support were expertly handled by a distinguished team including Natasha Tuli (Partner), Lovejeet Singh (Partner), Vikram Sobti (Partner), alongside Counsel members Arveena Sharma and Savar Mahajan. Managing Associates Shivani Pathak and Aditya Pandey, Senior Associates Sneh Choudhary, Abhay Goyal, Ichchha Kalash, Karan Vir Khosla, and Suchitra Dey, as well as Associates Srivatsava Reddy Beerapalli, Poojal Agarwal, Palak Taori, and Alisha Bhagat, also played crucial roles in the transaction.
This acquisition signifies a pivotal advancement in the consolidation of India’s cement sector, reinforcing Dalmia Cement’s stature as a leading manufacturer and expanding its operational reach nationwide. The strategic move is poised to enhance Dalmia Cement’s market presence and operational capabilities across the country.
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