Latham & Watkins and Cyril Amarchand Mangaldas have advised Indian conglomerate Adani Group on its $10.5 billion stake acquisitions in two of India’s largest cement companies.
May 18, 2022 at 07:09 PM
2 minute read
Asia Editor
Latham & Watkins and Cyril Amarchand Mangaldas have advised Indian conglomerate Adani Group on its $10.5 billion stake acquisitions in two of India’s largest cement companies—Ambuja Cements Ltd and ACC Ltd.
Swiss construction materials company Holcim Group Services Ltd. is selling its 63% stake in Ambuja Cement, which owns a 50% interest in ACC, as well as its 4.48% direct stake in ACC, to Adani. Both target companies are listed on the Bombay Stock Exchange.
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