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Tata Sons buys over 27.52 lakh shares of Tata Chemicals

19 Feb 2020 Evaluate

Tata Sons, a promoter of Tata Chemicals, has bought more than 27.52 lakh shares of the company for Rs 208 crore from other promoter entities. According to the block data available on the BSE, Tata Sons purchased a total of 27,52,662 shares of Tata Chemicals.

The shares were bought at an average price of Rs 755, valuing the transaction at Rs 207.82 crore. The stocks were picked up from other promoter entities -- Ewart Investments, Tata Global Beverages, Simto Investment Company and Tata Coffee.

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 913.45
SRF 2334.40
BASF India 3100.00
Pidilite Inds. 1443.00
Tata Chemicals 596.75
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