Amarchand Mangaldas advises Dalmia Cement on PE investment by KKR

Dalmia Cement, one of the largest cement manufacturers in the country, is in the midst of a major restructuring of its business with the objective of creating pure play entities and facilitating fund raising. It has entered into definitive agreements with private equity fund Kohlberg Kravis Roberts (KKR), whereby KKR will invest upto Rs 750 crores in Dalmia Cements.

Amarchand & Mangaldas & Suresh A. Shroff & Co., Delhi advised Dalmia Cement while AZB & Partners jointly with Simpson Thacher & Bartlett advised KKR on the transaction. Amarchand Mangaldas team was led by its Partner Inder Mohan Singh and supported by Senior Associates - Rudra K Pandey & Joyjyoti Misra.

Amarchand Mangaldas team led by Managing Partner Mr. Shardul S. Shroff and partner Mr. Inder Mohan Singh also advised Dalmia Cement in their group restructuring scheme to create pure play structures, presently filed with the Hon’ble High Court of Chennai.