Amarchand & Mangaldas & Suresh A. Shroff & Co. is advising UltraTech Cement Ltd. on its proposed $600 million purchase of Jaypee Cement Corp. Ltd.’s production unit in the Indian state of Gujarat.
The deal largely involved UltraTech assuming the $576 million in debt held by Jaypee’s Gujarat unit, with the company issuing shares to Jaypee to cover the remaining portion of the acquisition cost. The deal, which is subject to shareholder and regulatory approval, is expected to close by the second quarter of next year.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
