Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tata Chemicals has informed that Tata Chemicals North America Inc. (‘TCNA’), a wholly owned subsidiary of the company, has been declared the successful bidder in the Chapter 11 bankruptcy proceedings of Searles Valley Minerals Inc. (‘SVM’), USA, for the acquisition of North American soda ash customer contracts of SVM representing over half million metric tons customer orders through December 2028. This strengthens TCNA's customer portfolio by securing domestic North American customers. Thus, enhancing its ability to build long-term customer relationships and improve customer retention and supporting long-term value creation. In this regard, TCNA has entered into an Assignment and Assumption Agreement (‘ASA’) with SVM for the acquisition of the certain soda ash customer contracts. The completion of the transaction remains subject to the satisfaction of the conditions and other terms set out in the ASA. Further, the United States Bankruptcy Court for the District of Delaware has approved the assignment and assumption of the specified customer contracts from SVM to TCNA pursuant to the ASA. The details as required under Schedule III of the SEBI Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed in the Annexure A. This intimation is also being made available on the website of the Company at www.tatachemicals.com.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| SRF | 2594.80 |
| BASF India | 3848.00 |
| Pidilite Inds. | 1628.90 |
| Tata Chemicals | 656.55 |
| Deepak Nitrite | 1763.05 |
| View more.. | |
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