Argus Partners along with Lakshmikumaran & Sridharan (LKS) advised on Tata Steel’s INR 1,100 crore acquisition of BlueScope’s stake in Tata BlueScope Steel.
Argus Partners advised Tata Steel Limited on its acquisition of BlueScope Steel’s stake in Tata BlueScope Steel.
The team advising Tata Steel was led by Partner Adity Chaudhury and Partner Ankur Arora, assisted by Associates Milind Anand, Anoushka Mani and Suvanwesh Das. Partner Armaan Patkar advised on securities law aspects.
Lakshmikumaran & Sridharan Attorneys acted as legal counsel to BlueScope Steel Limited, Australia, on the sale of its shareholding in the Indian joint venture to Tata Steel in a transaction valued at approximately INR 1,100 crore (USD 125 million).
As part of the transaction, LKS assisted BlueScope in obtaining a lower withholding tax certificate within 10 days, resulting in a reduction of tax withholding of approximately INR 60 crore.
The team was led by Partner Ravi Sawana, and included Executive Partner Asish Abraham; Associate Partners Neha Sharma and Tanmay Bhatnagar; Senior Associates Apurva Chaudhary and Shreyasi Chakraborty.
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