Khaitan & Co acted as advisor to JSW Cement Limited (the “Company”) as to Indian Law in relation to the initial public offering of equity shares of the Company aggregating up to INR 40,000 million, including a fresh issue of equity shares aggregating up to INR 20,000 million and an offer for sale of equity shares by AP Asia Opportunistic Holdings Pte. Ltd, Synergy Metals Investments Holding Limited and State Bank of India, aggregating up to INR 20,000 million.
The core team consisted of Sudhir Bassi (Executive Director), Madhur Kohli (Partner), Aayush Mohata (Partner), Johann Valladares (Senior Associate), Anshul Mordia (Associate), Sarjana Das (Associate) and Abhishek Iyer (Associate).
JSW Cement Limited is the fastest growing cement manufacturing company in India in terms of increase in installed grinding capacity and sales volume from Fiscal 2014 to Fiscal 2024 (among the top 10 cement manufacturing companies in terms of installed capacity), according to the CRISIL Report.
The Company is also the fastest growing cement manufacturing company in terms of increase in sales volume within India from Fiscal 2023 to Fiscal 2024 (among the top 10 cement manufacturing companies in terms of installed capacity), according to the CRISIL Report. The Company focuses on manufacturing of green cementitious products like portland slag cement, portland composite cement, and ground granulated blast furnace slag.