MoneyWorks4Me

Tata Chemicals calls-off deal with Unnati Inorganics

04 Aug 2017 Evaluate

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.



Peers
Company Name CMP
Godrej Industries 986.05
SRF 2513.60
BASF India 3345.60
Pidilite Inds. 1480.15
Tata Chemicals 589.80
View more..