Business Wire IndiaCyril Amarchand Mangaldas (CAM) advised Ambuja Cement on acquisition of a majority stake in Sanghi Industries, one of the leading cement manufacturers from western India, at an enterprise value of INR 5,000 crore. CAM is also advising on the open offer triggered by the proposed acquisition.
The transaction team was led by
Ruetveij Pandya and
Jeeta Nayak, Partners; with support from
Abhilasha Malpani,
Principal Associate, and
Vishvas Bharadwaj,
Associate.
The Financing advisory team was led by Atman Desai and Mudit Shah, Partners.
The Competition Law advisory team was led by Avaantika Kakkar (Head Competition Law), Kirthi Srinivas, and Vijay Pratap Singh Chauhan, Partners.
As a part of the transaction, Ambuja Cement (which is part of Adani Group) will buy up to 56.74 per cent stake in Sanghi Industries Ltd (SIL) from its existing promoter group - Ravi Sanghi & family.
The Transaction was signed on 3
rd August, 2023.
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Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero
in 45 BC
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1914 translation by H. Rackham
"But I must explain to you how all this mistaken idea of denouncing pleasure and
praising pain was born and I will give you a complete account of the system, and
expound the actual teachings of the great explorer of the truth, the master-builder
of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it
is pleasure, but because those who do not know how to pursue pleasure rationally
encounter consequences that are extremely painful. Nor again is there anyone who
loves or pursues or desires to obtain pain of itself, because it is pain, but
because occasionally circumstances occur in which toil and pain can procure him some
great pleasure. To take a trivial example, which of us ever undertakes laborious
physical exercise, except to obtain some advantage from it? But who has any right to
find fault with a man who chooses to enjoy a pleasure that has no annoying
consequences, or one who avoids a pain that produces no resultant pleasure?"
1914 translation by H. Rackham
"But I must explain to you how all this mistaken idea of denouncing pleasure and
praising pain was born and I will give you a complete account of the system, and
expound the actual teachings of the great explorer of the truth, the master-builder
of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it
is pleasure, but because those who do not know how to pursue pleasure rationally
encounter consequences that are extremely painful. Nor again is there anyone who
loves or pursues or desires to obtain pain of itself, because it is pain, but
because occasionally circumstances occur in which toil and pain can procure him some
great pleasure. To take a trivial example, which of us ever undertakes laborious
physical exercise, except to obtain some advantage from it? But who has any right to
find fault with a man who chooses to enjoy a pleasure that has no annoying
consequences, or one who avoids a pain that produces no resultant pleasure?"