Amarchand Mangaldas advised Ambuja Cements in its Rs 3,500 crore buy of 24 per cent in Swiss cement maker Holcim’s India operations, and in Holcim India’s Rs 11,000 crore merger into Ambuja.
Amarchand Mangaldas Mumbai partners Ashwath Rau and Vandana Pai Bharucha acted for Ambuja, which will hold 50.01 per cent shares of Holcim India’s subsidiary ACC.
Swiss law firm Homburger AG in Zurich acted for the seller Holderind Investments and Hocim India, which will be dissolved without winding up. As consideration, Ambuja will issue its shares to the shareholders of Holcim India in accordance with the share exchange ratio set out in the scheme.
The Holcim restructuring was brought about because local cement companies in India were experiencing a drop in demand and pressure on earnings, due to a slowdown in home building and infrastructure projects, according to Reuters.
The Securities and Exchange Board of India (SEBI) is now examining the terms of the agreement between Ambuja Cements and Holcim to ensure that interests of minority shareholders are protected as corporate governance experts claimed that SEBI norms were not followed properly, reported the Economic Times.
threads most popular
thread most upvoted
comment newest
first oldest
first
So you are actually telling me that majority of the billing in this matter was done by these junior partners and they were the ones who, among other things, proof read the docs, carried out changes, spent long hours in the office making sure that every word written in every transaction documents or memos were accurate and exactly as desired by the partners?
Credit goes to the partners for they are the ones who 'lead' the transaction but credit definitely goes to the Associates (Junior, Senior or Principal) too! Their name should have featured here too.
Rightly put. Having seen him in action, he does not need the Shroffs. They need him.
oh stop the AMSS is a family run law firm crap.
Those days are long gone. I don'w why AMSS gets the flak for being called a family run firm. It has opened up to people who have had no family relations at AMSS and offered it equity. People like Vishwanathan, Bharuchas had all been offered equity.
I think among the top firms, it is one of the most transparent firm!
And that they doing matters handed over by the Shroffs is utter bullshit. They handover matters to other partners!
Anyone with the slightest knowledge knows this.
On the other hand... dismissing Ashwath and LV as people who only service Shroff clients and will be finished if they start off on their own is just fanciful... they are just too good as lawyers for that...
threads most popular
thread most upvoted
comment newest
first oldest
first