ARTICLE
20 August 2015

Acquisition Of Lafarge India's Cement Plants By Birla Corporation Limited

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Nishith Desai Associates

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With offices in Asia-Pacific, Europe and the United States Nishith Desai Associates is the go-to firm for corporates looking to conduct business in India as well as for Indian companies looking to set up operations abroad; navigate the complex business regulations and grow.
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...
India Corporate/Commercial Law

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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