Specialty steel maker Mukand Ltd and Sumitomo Corporation of Japan have signed an agreement to form a joint venture that will set up a rolling mill in Karnataka..DealMukand Ltd and Sumitomo Corp enter into a JVValue₹ 28.2 billionDeal TypeJoint VentureSectorManufacturing (Steel)Law FirmsSumitomo Corporation – Trilegal; Mukand Ltd – Argus PartnersPartners/Heads Trilegal – Sridhar Gorthi, Kunal Chandra; Argus Partners – Krishnava Dutt, Adity Chaudhury.Sumitomo Corporation was advised by Trilegal through a team led by Partners Sridhar Gorthi and Kunal Chandra along with Senior Associate Kabeer Mathur and Associates Aditi Jain and Rahil Pereira..Mukand Ltd. was advised by Argus Partners through a team led by Partners Krishnava Dutt and Adity Chaudhury along with associates Gauri Khanna and Aditi Chandak..The joint venture will combine Mukand’s manufacturing and engineering capabilities and Sumitomo’s marketing management skills and know-how to cater to a growing automobile market globally. Sumitomo will hold a 49% stake in the joint venture while Mukand will hold a 51% stake.
Specialty steel maker Mukand Ltd and Sumitomo Corporation of Japan have signed an agreement to form a joint venture that will set up a rolling mill in Karnataka..DealMukand Ltd and Sumitomo Corp enter into a JVValue₹ 28.2 billionDeal TypeJoint VentureSectorManufacturing (Steel)Law FirmsSumitomo Corporation – Trilegal; Mukand Ltd – Argus PartnersPartners/Heads Trilegal – Sridhar Gorthi, Kunal Chandra; Argus Partners – Krishnava Dutt, Adity Chaudhury.Sumitomo Corporation was advised by Trilegal through a team led by Partners Sridhar Gorthi and Kunal Chandra along with Senior Associate Kabeer Mathur and Associates Aditi Jain and Rahil Pereira..Mukand Ltd. was advised by Argus Partners through a team led by Partners Krishnava Dutt and Adity Chaudhury along with associates Gauri Khanna and Aditi Chandak..The joint venture will combine Mukand’s manufacturing and engineering capabilities and Sumitomo’s marketing management skills and know-how to cater to a growing automobile market globally. Sumitomo will hold a 49% stake in the joint venture while Mukand will hold a 51% stake.
