Tata Chemicals to acquire battery materials business of Johnson Matthey: Report

29 Nov 2021 Evaluate

Tata Chemicals is reportedly planning to acquire the battery materials business of London-based Johnson Matthey at a valuation of $500-700 million. This will provide an edge to the Tata group in the fast-growing electric vehicle market.

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.

Tata Chemicals Share Price

1080.60 -30.25 (-2.72%)
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