{"id":44994,"date":"2024-10-22T09:13:56","date_gmt":"2024-10-22T09:13:56","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=44994"},"modified":"2024-10-29T09:15:28","modified_gmt":"2024-10-29T09:15:28","slug":"cyril-amarchand-mangaldas-advised-ambuja-cements-ltd-in-the-acquisition-of-46-80-controlling-stake-in-orient-cement-ltd-and-the-resultant-tender-offer","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/cyril-amarchand-mangaldas-advised-ambuja-cements-ltd-in-the-acquisition-of-46-80-controlling-stake-in-orient-cement-ltd-and-the-resultant-tender-offer\/","title":{"rendered":"Cyril Amarchand Mangaldas advised Ambuja Cements Ltd in the acquisition of 46.80% controlling stake in Orient Cement Ltd. and the resultant tender offer."},"content":{"rendered":"<p><strong>Cyril Amarchand Mangaldas (\u201cCAM\u201d) acted as legal counsel for Ambuja Cements Ltd in the acquisition of 46.80% controlling stake in Orient Cement Ltd.<\/strong> <!--more-->(OCL) and upto 26% stake in OCL pursuant to the mandatory tender offer, at an equity value of \u20b98,100 crore.<\/p>\n<p>The transaction was done under the strategic guidance of <strong>Cyril Shroff<\/strong>, <em>Managing Partner;<\/em> and <strong>L. Viswanathan<\/strong>, <em>Senior Partner;<\/em> and was headed by <strong>Ruetveij Pandya,<\/strong> <em>Partner;<\/em> with support from <strong>Abhilasha Malpani,<\/strong> <em>Principal Associate;<\/em> and <strong>Disha Tulsyan,<\/strong> <em>Associate.<\/em><\/p>\n<p><strong>Paridhi Adani,<\/strong> <em>Partner<\/em>; and <strong>Smruti Shah<\/strong>, <em>Partner;<\/em> provided inputs on certain key aspects of the transaction.<\/p>\n<p>The Competition Law advisory team was led by <strong>Avaantika Kakkar<\/strong>, <em>Partner &amp; Head &#8211; Competition Law<\/em>; and <strong>Aman Baroka<\/strong>, <em>Principal Associate.<\/em><\/p>\n<p>Mining and electricity related inputs were provided by <strong>Ramanuj Kumar<\/strong>, <em>Partner;<\/em>\u00a0 and <strong>Nishikant Sao,<\/strong> <em>Partner Designate; <\/em>and Real Estate inputs were provided by <strong>Abhilash Pilla<\/strong>i, <em>Partner.<\/em><\/p>\n<p>Due diligence support was provided by <strong>Viraj Gami, <\/strong><em>Principal Associate; <\/em>\u00a0and <strong>Tanvi Apte,<\/strong> <em>Associate; <\/em>\u00a0provided transaction support.<\/p>\n<p><strong>Gyanendra Kumar<\/strong>, <em>Partner;<\/em> <strong>Monark Gahlot<\/strong>, <em>Partner<\/em>; provided inputs on litigation related matters.<\/p>\n<p>Other parties to the transaction included: <strong>Khaitan &amp; Co<\/strong> (<em>acted as Indian legal counsel for OCL<\/em>) in this deal.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-44994","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/44994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=44994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}