Nirma Group’s Acquisition Of Emami Cement


Khaitan & Co advised NUVOCO VISTAS CORPORATION LIMITED the acquisition of entire shareholding (100% share capital) of Emami Cement Limited.

Nirma Group acquired Emami Cement Limited (ECL) for an enterprise value of INR 5,500 crores. ECL operates one integrated cement plant in Risdah, Chhattisgarh; and grinding units in Bihar, West Bengal and Odisha with a total installed capacity of 8.3 million tonnes per annum; and with mining leases in Chhattisgarh, Rajasthan and Andhra Pradesh.

The Khaitan & Co deal team was led by Partner Haigreve Khaitan (Picture), Mehul Shah (Partner), Ashraya Rao (Partner), Niharika Mepani (Principal Associate), Suditi Surana (Senior Associate) and Murugaveni Pillai (Associate). Competition law: Anisha Chand (Partner), Soham Banerjee (Senior Associate) and Vasudhaa Ahuja (Associate); Mining law: Shivanshu Thaplyal (Partner), the diligence team comprised of Divakar Gupta (Associate), Ruturaj Jere (Associate), Shraddha Desai (Associate), Chitra Jha (Associate), Noyonika Nair (Associate), Real estate aspects: Devendra Deshmukh (Partner), Rishabh Vora (Senior Associate), Rohan Shah (Associate) and Aishwarya Wadhavkar (Associate), Employment law: Anshul Prakash (Partner), Deepak Kumar (Principal Associate), Prachi Vijay (Associate), Kosheel Gupta (Associate), Mining law: Abhijit Mukherjee (Senior Associate), Bhagirath Ashiya (Associate) and Sarat Chandra (Associate), Intellectual property law aspects: Shailendra Bhandare (Partner) and Sourav Dan (Senior Associate), Indirect tax: Dinesh Agarwal (Partner), Pranay Sahay (Senior Associate), Litigation: Peshwan Jehangir (Partner) and Jaideep Singh Khattar (Principal Associate).

Involved fees earner: Dinesh Agarwal – Khaitan & Co.; Vasudhaa Ahuja – Khaitan & Co.; Bhagirath Ashiya – Khaitan & Co.; Soham Banerjee – Khaitan & Co.; Shailendra Bhandare – Khaitan & Co.; Anisha Chand – Khaitan & Co.; Sarat Chandra – Khaitan & Co.; Sourav Dan – Khaitan & Co.; Shraddha Desai – Khaitan & Co.; Devendra Deshmukh – Khaitan & Co.; Divakar Gupta – Khaitan & Co.; Kosheel Gupta – Khaitan & Co.; Peshwan Jehangir – Khaitan & Co.; Ruturaj Jere – Khaitan & Co.; Chitra Jha – Khaitan & Co.; Haigreve Khaitan – Khaitan & Co.; Deepak Kumar – Khaitan & Co.; Niharika Mepani – Khaitan & Co.; Abhijit Mukherjee – Khaitan & Co.; Noyonika Nair – Khaitan & Co.; Murugaveni Pillai – Khaitan & Co.; Anshul Prakash – Khaitan & Co.; Ashraya Rao – Khaitan & Co.; Pranay Sahay – Khaitan & Co.; Mehul Shah – Khaitan & Co.; Rohan Shah – Khaitan & Co.; Jaideep Singh Khattar – Khaitan & Co.; Suditi Surana – Khaitan & Co.; Shivanshu Thaplyal – Khaitan & Co.; Prachi Vijay – Khaitan & Co.; Rishabh Vora – Khaitan & Co.; Aishwarya Wadhavkar – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Nuvoco Vistas Corporation ;

Author: Michael Patrini