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Tata Chemicals gains on selling Urea, Customized Fertilisers Business to Yara

12 Jan 2018

Tata Chemicals is currently trading at Rs. 775.00, up by 4.10 points or 0.53% from its previous closing of Rs. 770.90 on the BSE.

The scrip opened at Rs. 771.00 and has touched a high and low of Rs. 778.95 and Rs. 768.55 respectively. So far 10578 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 781.20 on 11-Jan-2018 and a 52 week low of Rs. 508.80 on 23-Jan-2017.

Last one week high and low of the scrip stood at Rs. 781.20 and Rs. 749.00 respectively. The current market cap of the company is Rs. 19744.89 crore.

The promoters holding in the company stood at 30.80%, while institutions and non-institutions held 42.79% and 26.14% respectively.

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.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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