“In an attempt to boost capacity and expand its footprint into new markets, Orient Cement Ltd has struck a two-pronged deal with Jaypee Group to purchase a pair of cement businesses at an enterprise value of Rs1,950 crore,” reported Mint.

Orient Cement was advised by Cyril Amarchand Mangaldas managing partner Cyril Shroff, supported by Mumbai corporate partner Smruti Shah and Delhi corporate pratner Aarti Joshi.

The Cyril Amarchand team also included Delhi partners SR Patnaik and Mekhla Anand on tax, with competition aspects handled by Mumbai-based partners Anshuman Sakle and Bharat Budholia.

Jaypee was advised by long-standing relationship firm Vaish Associates.