Shardul Amarchand Mangaldas advised on merger of Mangalore Chemicals & Fertilisers with and into Paradeep Phosphates Limited

Shardul Amarchand Mangaldas has advised on the proposed composite scheme of arrangement involving the merger of Mangalore

Update: 2024-02-13 08:45 GMT

Shardul Amarchand Mangaldas advised on merger of Mangalore Chemicals & Fertilisers with and into Paradeep Phosphates Limited The combined entity will become one of the largest integrated private-sector fertilizer companies in India Shardul Amarchand Mangaldas has advised on the proposed composite scheme of arrangement involving the merger of Mangalore Chemicals & Fertilisers...

Shardul Amarchand Mangaldas advised on merger of Mangalore Chemicals & Fertilisers with and into Paradeep Phosphates Limited

The combined entity will become one of the largest integrated private-sector fertilizer companies in India

Shardul Amarchand Mangaldas has advised on the proposed composite scheme of arrangement involving the merger of Mangalore Chemicals & Fertilisers Ltd (MCFL) with and into Paradeep Phosphates Ltd (PPL).

As an integral part of the scheme of arrangement, it contemplates a transfer of shares of Mangalore Chemicals from Zuari Agro Chemicals Ltd to Zuari Maroc Phosphates Pvt Ltd

The combined entity will become one of the largest integrated private-sector fertilizer companies in India, with a total manufacturing capacity of 3.6 million metric tonnes per annum.

The Shardul Amarchand Mangaldas team was led by Shardul S. Shroff (executive chairman); Gunjan Shah (partner); Karun Prakash (partner); Sangamitra Sankaraiah (partner); Amrusha Monga (associate), and Ruthvik Tumuluri (associate).

The competition team was led by Rohan Arora (partner); Aman Singh Sethi (partner); Sakshi Agarwal (associate), and Ritesh Puri (associate).

Pricewaterhouse Coopers Pvt Ltd acted as the financial advisor.

AZB & Partners advised the OCP Group, Morocco (indirect shareholder of Paradeep Phosphates) on the legal aspects.

Click to know more about Shardul Amarchand Mangaldas

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