Tata Chemicals Sells Fertilizers Business To Yara
2018-01-12 Disinvestment Agriculture Western India
TATA Chemicals Limited inform's that the sale and transfer of Urea and Customized Fertilisers Business ("Divestment Business") to Yara as contemplated in the Scheme of Arrangement has been completed after the receipt of requisite regulatory approvals, fulfillment of Conditions Precedent and sanction of the National Company Law Tribunal, Mumbai ("NCLT"). The Company has received the consideration of Rs. 2682 crores (subject to post-completion working capital adjustments) from Yara on January 12, 2018.