Published on : 10 Dec 2025, 7:25 am 1 min read

JSW Steel Limited and JFE Steel Corporation have reached an agreement wherein JSW Ispat Steel will transfer the integrated steel facility of Bhushan Power & Steel Limited to a 50:50 joint venture between JSW and JFE, by way of a slump sale for ₹24,483 crore; and JFE will invest ₹15,750 crore in the JV.

Khaitan & Co is advising JSW on the joint venture.

The core transaction team consisted of Shishir Vayttaden (Partner), K Aishwarya (Partner), Reeti Agarwal (Principal Associate), Radhika Naik (Associate) and Tawishi Beria (Associate) with assistance from the following:

Specialized corporate governance related advice: Sharad Abhyankar (Partner) and Saranya Mishra (Senior Associate);

Secretarial and diligence related aspe

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