JSA Advocates & Solicitors has advised LX International Corp. in its sale of 35% stake in POSCO-India Pune Processing Center Private Limited (IPPC).
The JSA Corporate team comprised of Lead Partner, Anand Lakra, Partner, Niharika Mepani and Senior Associate, Jinay Shah. They were supported by:
JSA Taxation team: Partner Kumarmangalam Vijay and Suraj Shetty and Associate, Tejasvi Shukla.
JSA Competition team: Partner, Vaibhav Choukse and Ela Bali and Principal Associate Nripi Jolly.
LX International Corporation has sold its entire stake in POSCO-India Pune Processing Center Private Limited to POSCO India Processing Center Private Limited, a fellow subsidiary under POSCO Holdings Inc. This transaction was approved by the Competition Commission of India (CCI) on February 4, 2025, as part of a strategic move to streamline POSCO's operations in India.
Both POSCO India Processing Center and POSCO-India Pune Processing Center are involved in the processing and distribution of various value-added steel products, including hot rolled coils, cold rolled sheets, galvanized steel, and specialty steels . The acquisition aims to enhance operational efficiency and consolidate POSCO's presence in the Indian steel market.
LX International is a global trading company that provides a full suite of services across the entire value chain ranging from trading to business development, investment to financing, and raw material supply to logistics.
POSCO Group is a global steel giant. IPPC is involved in processing and distributing value-added steel products, including hot-rolled coils, cold-rolled coils, galvanised steel, and specialty steel products.
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