Japanese steel major Sumitomo Corporation has acquired 49 per cent stake in Mukand Sumi Special Steel, a joint venture set up in partnership with Mukand Steel, for ₹1,181 crore. Mukand Ltd will own 51 per cent equity in the joint venture company. — Hindu Business Line

Argus Partners advised Mukand Limited led by a team of partners Krishnava Dutt and Adity Chaudhury.

Deal value: INR 1181 crore

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