Reserve Bank of India (RBI) has lifted the restrictions placed on foreign investors to buy further shares in Tata Chemicals as the prescribed limit has gone below the threshold. RBI has notified that the foreign share holding by Foreign Institutional Investors (FIIs)/ Registered Foreign Portfolios Investors (RFPIs) in Tata Chemicals have gone below the threshold limit. Hence, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. Therefore equity shares of Tata Chemicals can now be purchased through primary market and stock exchanges.
Tata Chemicals is the world’s second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America. The company’s industry essentials product range provides key ingredients to some of the world’s largest manufacturers of glass, detergents and other industrial products.
