MARKETS

BSE Prices delayed by 5 minutes... Prices as on Jun 18, 2019   ABB India 1540.6 [ 0.57% ]ACC 1526.45 [ 1.09% ]Ambuja Cements Ltd. 210.15 [ 2.16% ]Asian Paints Ltd. 1380.4 [ -1.53% ]Axis Bank Ltd. 776.25 [ -0.06% ]Bajaj Auto Ltd. 2856.8 [ 0.64% ]Bank of Baroda 116.6 [ -0.04% ]Bharti Airtel 345.65 [ 0.63% ]Bharat Heavy Ele 68.55 [ 1.93% ]Bharat Petroleum 385.7 [ 2.20% ]Britannia Ind. 2868.1 [ -1.06% ]Cairn India Ltd. 285.4 [ 0.90% ]Cipla 547.4 [ 0.48% ]Coal India 260.35 [ 2.02% ]Colgate Palm. 1142.2 [ -1.17% ]Dabur India 387.85 [ -3.23% ]DLF Ltd. 173.25 [ 0.20% ]Dr. Reddy's Labs 2590 [ 1.54% ]GAIL (India) Ltd. 308.05 [ 0.70% ]Grasim Inds. 880.45 [ 0.19% ]HCL Technologies 1087.7 [ 1.28% ]HDFC 2154.3 [ -0.79% ]HDFC Bank 2416.8 [ -0.21% ]Hero MotoCorp 2667.55 [ 0.75% ]Hindustan Unilever L 1807.45 [ -0.49% ]Hindalco Indus. 190.05 [ -1.96% ]ICICI Bank 422.2 [ 1.88% ]IDFC L 34.85 [ 0.29% ]Indian Hotels Co 148.8 [ 1.88% ]IndusInd Bank 1408.55 [ 0.66% ]Infosys 750.65 [ 1.38% ]ITC Ltd. 275.6 [ 0.11% ]Jindal St & Pwr 151.5 [ -2.07% ]Kotak Mahindra Bank 1462.65 [ 0.23% ]L&T 1504.95 [ 0.40% ]Lupin Ltd. 708.75 [ 0.28% ]Mahi. & Mahi 625.95 [ 0.28% ]Maruti Suzuki India 6437.05 [ -2.20% ]MTNL 7.83 [ -5.89% ]Nestle India 11454.95 [ -0.15% ]NIIT Ltd. 104.55 [ -0.33% ]NMDC Ltd. 105.2 [ -0.66% ]NTPC 132.5 [ 0.23% ]ONGC 166.1 [ 0.88% ]Punj. NationlBak 75.4 [ -0.66% ]Power Grid Corpo 197.7 [ 1.88% ]Reliance Inds. 1282.55 [ 0.08% ]SBI 340.25 [ 0.74% ]Vedanta 168 [ 2.47% ]Shipping Corpn. 29.05 [ 0.35% ]Sun Pharma. 378.4 [ -1.11% ]Tata Chemicals 621.55 [ 0.06% ]Tata Global Beverage 247.55 [ 0.84% ]Tata Motors Ltd. 158.3 [ -0.35% ]Tata Steel 472.75 [ -0.06% ]Tata Power Co. 64.35 [ -0.31% ]Tata Consultancy 2251.7 [ 0.27% ]Tech Mahindra Ltd. 741.1 [ 0.59% ]UltraTech Cement 4512.95 [ 1.30% ]United Spirits 535.3 [ -0.75% ]Wipro Ltd 297.8 [ -0.48% ]Zee Entertainment En 339.75 [ 0.50% ]

News Details

You can view in detail.
Tata Chemicals - Completion Of Sale And Disposal Of Phosphatic Fertilisers Business And The Trading Business To IRC Agrochemi 01/06/2018 11:31

This is to inform you that the Company has completed the sale and disposal of its Phosphatic Fertilisers business and the Trading business comprising bulk and non-bulk fertilisers ('Divestment Business'), by way of a slump sale on a going concern basis, to IRC Agrochemicals Private Limited ('IRC') after the receipt of requisite regulatory approvals and fulfilment of Conditions Precedent as contemplated in the Business Transfer Agreement ('BTA') dated November 6, 2017.
The Company has received a consideration of Rs. 872.84 crores (subject to usual post completion adjustments) from IRC today, i.e. June 1, 2018. The consideration includes Rs. 572.76 crores in cash and the balance by way of letters of credit / bank guarantees. Subsidy receivables were not included in the transaction.
Thus, on completion of the transaction, the Divestment Business of the Company pursuant to the BTA stands transferred to IRC effective June 1, 2018.

LOAD MORE