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.
| Company Name | CMP |
|---|---|
| BASF India | 3703.10 |
| Tata Chemicals | 709.05 |
| SRF | 2493.65 |
| Pidilite Inds. | 1393.25 |
| Deepak Nitrite | 1538.00 |
| View more.. | |
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