news
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave

Cyril Amarchand Mangaldas has advised Indian conglomerate Adani Group on its $10.5 billion purchase of the Indian cement businesses of Switzerland’s Holcim, which has been advised by AZB & Partners.

According to Reuters, this is the biggest-ever acquisition for Adani Group, owned by billionaire Gautam Adani. It currently has no cement-making operations, but the deal will make it the country's No. 2 cement manufacturer, Reuters added.

The CAM team was led by managing partner Cyril Shroff, and partners Paridhi Adani and Anchal Dhir. They were supported by partners Subhalakshmi Naskar and Avaantika Kakkar.

Meanwhile, the AZB team was led by senior partner Ashwath Rau along with partners Kashish Bhatia and Jasmin Karkhanis. Partners Samir Gandhi, Bharat Budholia and Aditya Chandel provided support.

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Appointments

CAM adds real estate partner in Ahmedabad

by Nimitt Dixit |

Cyril Amarchand Mangaldas has added a fourth partner to its ranks in July as real estate attorney Siddharth Singh joins the firm along with his entire team in Ahmedabad. Singh previously ran his own law firm SBS Legal Advocates in the city.

Appointments

CAM continues July hiring spree with corporate lawyer from Trilegal

by Nimitt Dixit |

Cyril Amarchand Mangaldas has added a third partner in July, with Trilegal counsel Pooranimaa Hariharan joining the firm’s corporate practice in Bengaluru.

Appointments

Mumbai: CAM snaps up Trilegal banking pro

by Nimitt Dixit |

Indian law firm Trilegal has seen a rare recent partner departure, with banking expert Pranav Sharma rejoining Cyril Amarchand Mangaldas as an equity partner in Mumbai.