Tata Chemicals has received board’s approval for the Scheme of Amalgamation for the merger of Bio Energy Venture 1 (Mauritius) a wholly owned subsidiary (WOS) of the company with itself. The merger is subject to the necessary statutory and regulatory approvals, including approval of the National Company Law Tribunal. The company’s Board of Directors at its meeting held on March 23, 2018, approved the same.
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.