Page 5 - Tata Chemicals

Tata Chemicals exits urea biz for Rs 2,670 cr

Says it is open to evaluating options in potash business

Sale of urea business big positive for Tata Chemicals

Disposal of low-margin, low-return regulated business would help reduce debt

Tata Chemicals sells urea business to Yara for Rs 2,670 cr

The urea business will now have the benefit of international network of Yara and its global expertise

Tata Chemical's sale of urea unit is earnings accretive, but is the timing right?

For Tata Chemicals the cash inflow of Rs 2,670 crore is viewed positively as the deal was done at slightly over double the revenue from the unit.

Tata Chemicals sells urea business to Yara Fertilisers

The deal is subject to all requisite regulatory and other approvals and sanction by the High Court/ NCLT

Tata Chemicals hits 52-week high on sale urea business

The stock moved higher by 8% to Rs 501, also its 52-week high on the National Stock Exchange.

Tata Chemicals Q3 profit down 45% to Rs 130 crore

The company is the world's second largest producer of soda ash