JSA advises LX International Corp in its sale of 35% stake in POSCO-India Pune Processing Center

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.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.