Tata Chemicals is currently trading at Rs. 740.50, up by 0.70 points or 0.09% from its previous closing of Rs. 739.80 on the BSE.
The scrip opened at Rs. 746.15 and has touched a high and low of Rs. 747.00 and Rs. 736.95 respectively. So far 6994 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 786.95 on 04-May-2018 and a 52 week low of Rs. 558.00 on 11-Aug-2017.
Last one week high and low of the scrip stood at Rs. 747.00 and Rs. 720.00 respectively. The current market cap of the company is Rs. 18811.20 crore.
The promoters holding in the company stood at 30.80%, while Institutions and Non-Institutions held 43.44% and 25.76% respectively.
Tata Chemicals has completed the sale and disposal of its Phosphatic Fertilisers business and the Trading business comprising bulk and non-bulk fertilisers ('Divestment Business'), by way of a slump sale on a going concern basis, to IRC Agrochemicals (IRC) after the receipt of requisite regulatory approvals and fulfilment of Conditions Precedent as contemplated in the Business Transfer Agreement (BTA) dated November 6, 2017.
The company has received a consideration of Rs 872.84 crore (subject to usual post completion adjustments) from IRC on June 1, 2018. The consideration includes Rs 572.76 crore in cash and the balance by way of letters of credit / bank guarantees. Subsidy receivables were not included in the transaction.
Thus, on completion of the transaction, the Divestment Business of the company pursuant to the BTA stands transferred to IRC effective June 1, 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.