CarVal and Nithia Capital completed the acquisition of Uttam Value Steels and Uttam Galva Metallics for $273m.

Private equity firms, CarVal and Nithia Capital, completed the acquisition of Uttam Value Steels, a manufacturer of steel products, and Uttam Galva Metallics, an iron and steel manufacturer, for $273m. "This transaction has been a great learning curve for us in doing business in India. In the process, we have been successful in fostering stronger ties with local institutions and businesses," Rajib Guha, Nithia Capital Partner.