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Deal: Trilegal represents UltraTech Cement Limited in successfully obtaining an unconditional approval from the Competition Commission of India in relation to its acquisition of the cement business of Kesoram Industries Limited

20 Mar 2024

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Trilegal acted as the sole advisor to UltraTech Cement Limited (UltraTech) in securing an unconditional approval from the Competition Commission of India (CCI) pertaining to the proposed acquisition of the cement business of Kesoram Industries Limited (Kesoram Cement Business). The proposed acquisition will provide UltraTech the opportunity to extend its footprint in the highly fragmented, competitive and fast growing Western and Southern markets in the country.

This was an acquirer only filing made by UltraTech with Trilegal acting as the sole counsel for UltraTech. The proposed acquisition was notified with the CCI as a long form (Form II) merger notification on 25 January 2024, and was approved by the CCI on 19 March 2024 within 55 calendar days.

The team from Trilegal comprised Partner & National Head, Competition Law – Nisha Kaur Uberoi, and team comprising Shambhvi Sinha, Sarthak Pande, Shivangi Chawla, Pranav Satyam, Mathew George, Samriddha Gooptu, Rishi Kauntia, Keerthana Kesavan, Vasudha Verma, Ashna Mahajan, Naman Katyal, and Aditya Prakash.

The economist team comprised Dr. R. K. Shyam Khemani along with Nexdigm.

About Trilegal

Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.

Trilegal has been recognised as the India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020; and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020.

For more information, please contact:

Sahil Wason
Mob: +91-8928008122 | BD@trilegal.com

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