Reserve Bank of India (RBI) has notified that the foreign shareholding by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in Tata Chemicals has reached the trigger limit. Accordingly, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the RBI.
TCL is a part of over $100 billion Tata group, currently the second-largest producer of soda ash in the world with manufacturing facilities in India, UK, Kenya and USA. It is India’s leading crop nutrients player with its own manufacturing of urea and phosphatic fertilizers (namely, Di Ammonium Phosphate (DAP), Nitrogen Potash and Phosphorus (NPK) and single Super Phosphate (SSP)) and a leading player in crop protection business through its subsidiary Rallis India.
