Deal Details: Orient Cement Limited | Sale Of Controlling Stake To Ambuja Cements Limited

Khaitan & Co advised the controlling shareholders of Orient Cement Limited ("OCL") in relation to the sale of their equity shares in OCL to Ambuja Cements Limited (Adani Group) ("Proposed Transaction"). The transaction values OCL at INR 8100 crores. It also triggers a mandatory tender offer to be made to public shareholders of OCL.

The core team consisted of Abhishek Dadoo (Partner), Gaurav Malhotra (Counsel) and Jayantika Khanna (Principal Associate) with assistance from the following:

Provided strategic advice on the Proposed Transaction.: Haigreve Khaitan (Senior Partner);

Competition law related aspects: Anshuman Sakle (Partner)

Tax related aspects of the: Sanjay Sanghvi (Partner) and Raghav Kumar Bajaj (Counsel)

Intellectual Property related aspects: Shailendra Bhandare (Partner).

The Firm advised the CK Birla Group on structuring, negotiation and documentation in relation to the Proposed Transaction.

Media Links / Press Releases

https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/ambuja-to-acquire-orient-cement-at-equity-value-of-rs-8100-crore-to-make-open-offer-to-acquire-additional-26-stake/articleshow/114446535.cms

https://www.business-standard.com/companies/news/adani-backed-ambuja-to-acquire-46-8-stake-in-orient-cement-for-rs-8-100-cr-124102200224_1.html

https://www.cnbctv18.com/market/ambuja-cements-to-acquire-orient-cement-for-equity-value-8100-crore-open-offer-capacity-adani-share-price-19496680.htm