Mahindra Ugine sells 49 steel biz to Sanyo and Mitsui AZB JSA Khaitan Clifford and Herbert advise

Mahindra Ugine sells 49 steel biz to Sanyo and Mitsui AZB JSA Khaitan Clifford and Herbert advise
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Mumbai-based Mahindra Ugine Steel Company (Musco) has agreed to sell 49 percent of its steel business to Japan’s Sanyo Special Steel Co and Mitsui & Co for Rs. 187 crore ($ 37 million).

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