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Tata Sons to increase stake in Tata Chemicals

13 Feb 2020 Evaluate

Tata Chemicals’ promoter -- Tata Sons is going to increase the stake in the company to 25.26% by acquiring shares aggregating to 1.08% stake from other group firms. At present, Tata Sons holds 24.18% stake in Tata Chemicals.

As part of restructuring of investment portfolio, Tata Sons will acquire 7,05,522 shares from Tata Consumer Products (formerly Tata Global Beverages) and 1.6 lakh shares from Tata Coffee. Similarly, Tata Sons will also acquire 13,69,290 shares of Tata Chemicals from Ewart Investments and 5.18 lakh shares from Simto Investments Co. The total shares to be acquired amounts to 1.08% of voting rights of Tata Chemicals.

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.

Peers
Company Name CMP
Godrej Industries 986.05
SRF 2513.60
BASF India 3345.60
Pidilite Inds. 1480.15
Tata Chemicals 589.80
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