# Nithia Capital and CarVal Investors complete acquisition of Uttam Group stressed assets for ₹2,000 crore

Nithia Capital and CarVal Investors completed the acquisition of Uttam Galva Metallics and Uttam Value Steel for a total purchase consideration of around ₹2,000 crore. The acquisition was announced on January 5, 2021.

- Type: Acquisition
- Announced: 2021-01-05
- Where: India
- Value: $273.0M (20.0B INR)
- Status: completed
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Uttam Galva Metallics Limited](https://endata.com/companies/39752.md) (target)
- [Uttam Value Steel Limited](https://endata.com/companies/39753.md) (target)
- [Nithia Capital](https://endata.com/companies/52306.md) (acquirer)
- [CarVal Investors](https://endata.com/companies/52307.md) (acquirer)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nithia-capital-and-carval-investors-complete-acquisition-of-stressed-assets-of-uttam-group-for-2000-crore/articleshow/80116973.cms), 2021-01-05: "The acquisition of Uttam is an important and strategic step for Nithia Capital."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.