JSW Steel Limited is acquiring local steelmaker Welspun Maxsteel from Welspun Enterprises to enhancing its steel production..JSW is acquisring Welspun at enterprise value of Rs. 1,000 crore plus net current assets, along with takeover of existing debts which currently range around Rs. 1,087 crore..Luthra & Luthra Law Offices advised JSW Steel with a team led by Mumbai Partners Amit Shetye and Bikash Jhawar along with Senior Associate Rohan Shah and Associates Avinash Subramanian and Satadru Goswami..Vaish Associates acted for Welspun with a team led by Partners Bomi Daruwala and Martand Singh along with Associates Siddharth Dang and Tanya Sethi.
JSW Steel Limited is acquiring local steelmaker Welspun Maxsteel from Welspun Enterprises to enhancing its steel production..JSW is acquisring Welspun at enterprise value of Rs. 1,000 crore plus net current assets, along with takeover of existing debts which currently range around Rs. 1,087 crore..Luthra & Luthra Law Offices advised JSW Steel with a team led by Mumbai Partners Amit Shetye and Bikash Jhawar along with Senior Associate Rohan Shah and Associates Avinash Subramanian and Satadru Goswami..Vaish Associates acted for Welspun with a team led by Partners Bomi Daruwala and Martand Singh along with Associates Siddharth Dang and Tanya Sethi.
