Khaitan & Co Advises JSW on 50:50 Joint Venture with JFE Steel for Bhushan Power & Steel Integrated Plant

Khaitan & Co represented JSW Steel Limited and JSW Ispat Steel in relation to the formation of a 50:50 joint venture with JFE Steel Corporation. JSW Steel Limited and JFE Steel Corporation have agreed that JSW Ispat Steel will transfer the integrated steel facility of Bhushan Power & Steel Limited to a 50:50 joint venture between JSW and JFE by way of a slump sale for ₹24,483 crore. Under the terms of the transaction, JFE will invest ₹15,750 crore in the joint venture. The joint venture plans to expand crude steel production at the integrated steelworks to 10 million tonnes by 2030. Khaitan & Co represented JSW Steel Limited and JSW Ispat Steel with a team composed by: core transaction team — Shishir Vayttaden (Partner), K Aishwarya (Partner), Reeti Agarwal (Principal Associate), Radhika Naik (Associate) and Tawishi Beria (Associate); specialized corporate governance advice — Sharad Abhyankar (Partner, corporate governance) and Saranya Mishra (Senior Associate, corporate governance); secretarial and diligence — Modit Mendiratta (Associate), Naina Bora (Associate), Prakhar Khandelwal (Associate) and Sandli Pawar (Associate); financing — Manisha Shroff (Partner, finance), Rajshekhar Upadhyaya (Principal Associate, finance) and Akshansh Sharma (Senior Associate, finance); other critical aspects — Anshuman Sakle (Partner), Alisha Mehra (Principal Associate) and Ritika Ghosh (Associate); environmental law — Vanita Bhargava (Partner, environmental law), Vishal Shrivastava (Principal Associate, environmental law) and Tijil Thakur (Associate, environmental law); employment law — Srishti Ramkrishnan (Counsel, employment), Aditya J Nair (Senior Associate, employment) and Shaaryl Dsouza (Associate, employment).

Khaitan & Co Advises JSW on 50:50 Joint Venture with JFE Steel for Bhushan Power & Steel Integrated Plant

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads