JSA advised the Department of Investment and Public Asset Management, Government of India, in the listing of NMDC Steel Limited on BSE Limited and National Stock Exchange of India Limited.
NMDC Steel Limited is a public sector enterprise majorly owned by the Government of India, under the administrative control of the Ministry of Steel.
NMDC Limited, the largest iron ore producer in India, demerged its steel business pursuant to the ‘in-principle’ approval of the Cabinet Committee on Economic Affairs chaired by the Hon’ble Prime Minister, Shri Narendra Modi. Post the demerger, NMDC Steel Limited (the resultant company) houses the steel manufacturing facility of NMDC Limited.
Our transaction team comprised of Lead Partner – Shivpriya Nanda, Partner – Gaurav G Arora, Senior Associate – Harish Choudhary, Associates – Twisha Shrivastava, Varsha S. Banta, and Anadi Saxena.
Gaurav G. Arora is a Partner at JSA with over 12 years of experience advising multinational corporations, investment funds, and high-growth businesses on mergers & acquisitions, private equity investments, corporate structuring, cross-border transactions, foreign direct investment, and general corporate matters. He regularly advises clients on complex domestic and international transactions across the technology, healthcare, manufacturing, real estate, retail, and services sectors. Gaurav is recognised as an ALB India Rising Star and among the Top 10 Young Lawyers by ALB Thomson Reuters.
Ms. Shivpriya Nanda has over 30 years of extensive experience in mergers and acquisitions, corporate restructuring, strategic joint ventures, and corporate advisory.