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Tata Steel Limited is set to acquire BlueScope’s 50% stake in their joint venture, Tata BlueScope Steel, taking the company towards full ownership of its coated steel and building solutions business. This move will consolidate Tata Steel’s position in the high-value downstream segment and strengthen its presence in the solutions-led steel market.
Law firm Argus Partners is advising Tata Steel on the transaction. The deal team is led by Partner Adity Chaudhury, supported by Partner Ankur Arora and associates Milind Anand, Anoushka Mani and Suvanwesh Das, while Partner Armaan Patkar has advised on securities law aspects.
Over the last two decades, Tata BlueScope Steel has evolved into a leading coated steel products and solutions provider in India, with strong capabilities in roofing, wall cladding and pre-engineered building systems. Its brands and solutions cater to industrial, commercial and infrastructure projects across the country.
The proposed acquisition aligns with Tata Steel’s broader strategy to expand its downstream and value-added flat products portfolio, capture a greater share of the coated steel value chain, and deepen its engagement in design-and-build solutions for modern construction and infrastructure applications.
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