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L&L acts on ArcelorMittal, Nippon Steel buy of Bhander Power assets under SARFAESI

ArcelorMittal Nippon Steel India ... said it has completed the acquisition of 500 Mega Watt (MW) Bhander power plant in Hazira, Gujarat.


AM/NS India, a joint venture of ArcelorMittal and Nippon Steel, is getting closer to securing ancillary units that were not part of the Essar Steel acquisition. On Tuesday, AM/NS India announced that it had completed the acquisition of the Bhander Power Plant in Hazira, Gujarat, from Edelweiss Asset Reconstruction Company.

Business Standard

L&L Partners advised ArcelorMittal Nippon Steel India Limited led by a team of senior partner Mohit Saraf and partners Bikash Jhawar and Nipun Vaid, assisted by associate Navomi Koshy, with litigation aspect of the matter led by partners Abhishek Swaroop and Akhil Anand, assisted by senior associate Naman Singh Bagga and associate Maneesh Subramaniam.

EARC undertook the transaction advised by its in-house legal team.

Deal value: Confidential

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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