Tata Chemicals has cancelled the deal to acquire Unnati Inorganics’ precipitated silica operation due to non-fulfillment of certain conditions.
Earlier in May, the company had signed a Business Transfer Agreement with Gujarat-based Unnati Inorganics for acquiring a precipitated silica operation on a slump sale basis for a consideration of Rs 34.20 crore.
Tata Chemicals is 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 and a leading player in crop protection business through its subsidiary Rallis India.
