Shardul Amarchand Mangaldas Advises Tata Steel on ₹636 Crore Acquisition of Thriveni Pellets

"Shardul Amarchand Mangaldas & Co advised Tata Steel Limited on the acquisition of a 50.01% stake in Thriveni Pellets Private Limited from Thriveni Earthmovers Private Limited for up to ₹636 crore, subject to closing adjustments. The transaction, involving a producer and seller of iron ore pellets, is intended to create long‑term value for Tata Steel."

Shardul Amarchand Mangaldas & Co advised Tata Steel Limited in connection with its acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited from Thriveni Earthmovers Private Limited. The acquisition consideration is up to ₹636 crore, subject to customary closing adjustments. Thriveni Pellets is engaged in the production and sale of iron ore pellets. The transaction is described as a strategic move aimed at creating long‑term value for Tata Steel. 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 ₹636 Crore Acquisition of Thriveni Pellets

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