Khaitan & Co advised JSW Ispat Steel Ltd in relation to the transfer of the steel business of Bhushan Power and Steel Ltd by way of a slump sale for a cash consideration of INR 24,483 crores and investment of a total of INR 15,750 crores by JFE in two tranches; and (c) Joint venture between JSW Steel Limited and JFE in the business.
The deal was assisted by:
Corporate & Commercial: Sharad Abhyankar (Partner) and Saranya Mishra (Senior Associate) Corporate & Commercial, Modit Mendiratta (Associate) Corporate & Commercial, Naina Bora (Associate) Corporate & Commercial, Prakhar Khandelwal (Associate) Corporate & Commercial, Sandli Pawar (Associate) Corporate & Commercial
Banking & Finance: Manisha Shroff (Partner), Rajshekhar Upadhyaya (Principal Associate), Akshansh Sharma (Senior Associate)
Competition / Antitrust: Anshuman Sakle (Partner) Competition / Antitrust, Alisha Mehra (Principal Associate) Competition / Antitrust, Ritika Ghosh (Associate) Competition / Antitrust
Environmental: Vanita Bhargava (Partner), Vishal Shrivastava (Principal Associate), Tijil Thakur (Associate)
Employment, Labour & Benefits: Srishti Ramkrishnan (Counsel), Aditya J Nair (Senior Associate), Shaaryl Dsouza (Associate) Employment, Labour & Benefits
The core team consisted of Shishir Vayttaden (Partner), Aishwarya K (Partner), Reeti Agarwal (Principal Associate), Radhika Naik (Associate) and Tawishi Beria (Associate)