Tata Steel $7.4 billion acquisition of a 72.65% stake in Bhushan Steel

18/5/2018

Public acquisition

Dollar value:

$ 7.4 billion

Status:

Announced

Date:

18/5/2018

Overview:

Multinational steel-making company Tata Steel, through its wholly-owned subsidiary Bamnipal Steel, has acquired a 72.65% stake in auto-grade steel manufacturer Bhushan Steel for $7.4 billion.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Industrials and manufacturing

Firms:

AZB & Partners

Party: Tata Steel (Acquirer)

Lawyers: Anindita Roychowdhury, Zia Mody

Shardul Amarchand Mangaldas & Co

Party: Committee of Creditors (“CoC”) of Bhushan Steel (Creditor)

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