Tata Chemicals has completed the sale and transfer of Urea and Customized Fertilisers Business (Divestment Business) to Yara after the receipt of requisite regulatory approvals, fulfillment of Conditions Precedent and sanction of the National Company Law Tribunal. Mumbai (NCLT). The company has received the consideration of Rs 2,682 crore (subject to post completion working capital adjustments) from Yara on January 12, 2018.
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.