{"id":54518,"date":"2026-01-23T15:04:46","date_gmt":"2026-01-23T15:04:46","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=54518"},"modified":"2026-01-23T15:05:33","modified_gmt":"2026-01-23T15:05:33","slug":"chandhiok-mahajan-advised-and-represented-jsw-steel-limited-in-securing-a-cci-approval-for-its-proposed-5050-joint-venture-with-jfe-steel-japan","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/chandhiok-mahajan-advised-and-represented-jsw-steel-limited-in-securing-a-cci-approval-for-its-proposed-5050-joint-venture-with-jfe-steel-japan\/","title":{"rendered":"Chandhiok &amp; Mahajan advised and represented JSW Steel Limited in securing a CCI approval for its proposed 50:50 joint venture with JFE Steel (Japan)."},"content":{"rendered":"<p dir=\"auto\"><strong>Chandhiok &amp; Mahajan\u2019s competition team acted for JSW Steel Limited (JSW Steel), JSW Kalinga Steel Limited and its subsidiary JSW Sambalpur Steel Limited, and Bhushan Power and Steel Limited (BPSL). <\/strong><\/p>\n<p dir=\"auto\"><!--more--><\/p>\n<p dir=\"auto\">The transaction involves the proposed transfer of the steel business of Bhushan Power and Steel Limited to the JV entity for a cash consideration of INR 24,483 crores, with JFE Steel infusing INR 15,750 crores into the JV entity in two tranches.<\/p>\n<p dir=\"auto\">The transaction was previously disclosed by JSW Steel Limited to the stock exchanges on 3 December 2025 and is expected to drive efficiencies and accelerate capacity expansion through best-in-class technology and production of high value-added steel products.<\/p>\n<p dir=\"auto\">C&amp;M\u2019s team comprised Karan S. Chandhiok (Head of Practice and Partner), Modhulika Bose (Partner), Tarun Donadi (Senior Associate), Riddhika Dumane (Associate) and Jai Hindocha (Associate).<\/p>\n<p dir=\"auto\">JFE Steel was represented by AZB.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-54518","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/54518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=54518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}