Shardul Amarchand Mangaldas Advises Tata Steel on Acquisition of 50.01% Stake in Thriveni Pellets

"Shardul Amarchand Mangaldas & Co. advised Tata Steel Limited on its acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited from Thriveni Earthmovers Private Limited for consideration of up to INR 636 crore, subject to closing adjustments. The transaction is positioned as a strategic move to create long-term value for Tata Steel."

Shardul Amarchand Mangaldas & Co. advised Tata Steel Limited in connection with its acquisition of a stake in Thriveni Pellets Private Limited from Thriveni Earthmovers Private Limited. The transaction involves Tata Steel Limited acquiring 50.01% of the equity share capital of Thriveni Pellets Private Limited from Thriveni Earthmovers Private Limited for a consideration of up to INR 636 crore, subject to customary closing adjustments. The deal is described as a strategic transaction intended to create long‑term value for Tata Steel Limited. Shardul Amarchand Mangaldas & Co. represented Tata Steel Limited with a team composed by: Deepto Roy, Partner; Subhojit Das, Principal Associate; Aditya Arora, Senior Associate; Tejash Bhandari, Associate; Sudekshana Venkatesan, Associate; and Ishita Agrawal, Associate.

Shardul Amarchand Mangaldas Advises Tata Steel on Acquisition of 50.01% Stake in Thriveni Pellets

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