Tata Steel Limited is set to acquire BlueScope’s 50% stake in the joint venture Tata BlueScope Steel.
Argus Partners is advising Tata Steel on this acquisition.
The transaction was led by Adity Chaudhury (Partner) and comprised Ankur Arora (Partner) assisted by Associates Milind Anand, Anoushka Mani and Suvanwesh Das.
Armaan Patkar (Partner) advised on securities law aspects of the deal.
Over the last two decades, Tata BlueScope Steel has emerged as a world class products and solutions company for coated steel products in India. The acquisition is part of Tata Steel’s broader strategy to focus on downstream business in the flat products segment.
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