Tata Chemical to sell Haldia fertiliser biz for Rs.375 crore – Feedback

Tata Chemical today said its board has approved sale of its Haldia fertiliser unit in West Bengal to Netherlands-based Indorama Holdings BV for Rs.375 crore.

In a regulatory filing, the company said its board approved sale of the Phosphatic fertiliser business by way of slump sale on a going concern basis to IRC Agrochemicals, a wholly-owned subsidiary of Indorama Holdings BV. “The transaction would involve transfer of Haldia plant, trading business of bulk and non-bulk fertilisers along with immovable, movable properties, working capital and product brands but excluding outstanding subsidy amounts,” it said.

https://timesofindia.indiatimes.com/business/india-business/tata-chem-to-sell-haldia-fertiliser-biz-for-rs-375-cr/articleshow/61535140.cms

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