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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 920.00
SRF 2335.35
BASF India 3090.00
Pidilite Inds. 1432.45
Tata Chemicals 598.00
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