Tata Chemicals in advanced talks to sell fertilizer plant in India to Indorama Corp.

摘要

Tata Chemicals (Mumbai, India), in a recent fling with the Bombay Stock Exchange, said that it is in advanced discussions with Indorama Holdings Rotterdam, a subsidiary of Indorama Corp. (Singapore), for the potential sale of Tata's phosphate fertilizer plant at Haldia, West Bengal, India. The transaction would be valued between 4 bil- lion Indian rupees ($62.3 million) and Rs5 billion, and be subject to due diligence and approvals from the board, shareholders, and rel- evant authorities, Tata says.