Prakash Steelage Limited has executed a Share Purchase Agreement and other ancillary documents with Tubacex S.A. to sell its entire shareholding aggregating to 32.47% in the Joint Venture to Tubacex S.A.

The deal is valued at INR 3.44 billion.

Bharucha & Partners advised Prakash Steelage Limited on the Share Purchase Agreement and other ancillary documents.

The team was led by Partner Justin Bharucha along with Senior Associate Mehul Jain and Associate Wamika Jha.

Cyril Amarchand Mangaldas advised Tubacex SA.