Khaitan, AZB and Morrison on Krosaki’s acquisition of 51 percent shares in Tata Refractories

Tata Steel has sold its 51 per cent stake in group company Tata Refractories to Nippon Steel's associate Krosaki Harima Corporation (KHC) for Rs. 576.3 crore ($ 128 million) and inducted the Japanese firm as a strategic partner. Khaitan & Co advised KHC with a team led by Partners Haigreve Khaitan and Zakir Merchant while Morrison & Foerster advised Krosaki Harima on non-India laws with a team led by partner Gary Mitchel. AZB & Partners advised Tata Refractories with a team led by Partner Shameek Chaudhuri.

Khaitan, AZB and Morrison on Krosaki’s acquisition of 51 percent shares in Tata Refractories barandbench.com Tue, May 17, 2011