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Verus, MNK bag $72m Indo-French cement JV exit

Verus Advocates Mumbai partner Jay Parikh, assisted by associates Aastha Khurana, Rashna Jehani and Priyanka Devgan, acted for Hyderabad-based Sagar Cements which sold 47 per cent of its Vicat Sagar Cement to an affiliate of its French joint-venture partner Vicat Group for Rs 435 crore. MNK Law Delhi partner Probal Bhaduri and associate Kamalika Bhattacharjee acted for Vicat.

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