NDA, JSA on $700m Birla buy of Reliance cement

Tuesday, 9 February 2016 By Prachi Shrivastava Corporate M&A

Nishith Desai Associates advised Birla Corporation on its $706.7m (Rs 4800 crore) acquisition of Anil Ambani’s cement business – a Reliance Infrastructure (RInfra) subsidiary which was advised by J Sagar Associates (JSA).

NDA Mumbai associates Karan Kalra and Abhinav Harlalka, and partners Rajesh Simhan and Nishchal Joshipura acted for Birla.

JSA Mumbai partners Dina Wadia and Jamshed Bhumgara and senior associate Manav Raheja acted for Reliance.

Birla Corp will buyout RInfra’s shareholding in RCCPL, subject to approval by the Competition Commission of India and other regulators, reported the Economic Times.

Nishith Desai AssociatesJ Sagar Associates (JSA)

Comments

Well done, NDA 9 Feb 2016, 13:43
+2 -1
NDA seems to be making its mark on the M&A/PE sector quite aggressively! Well done, team.
Go abhinav! 9 Feb 2016, 13:44
+0 -2
Shaabashh!
DENDA 9 Feb 2016, 19:46
+1 -1
NDA PR on full throttle.
Modiji 10 Feb 2016, 07:59
+0 -2
Hamara neta kaisa ho, Abhinav Harlalka jaisa ho!
Curious lawyer 10 Feb 2016, 10:53
+0 -0
Isnt karan a partner also in NDA.
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