• Most Popular
  • Most Shared

India's Tata Chem to raise stake in Rallis India

Thu Aug 13, 2009 12:07am EDT

Stocks

   

MUMBAI, Aug 13 (Reuters) - India's Tata Chemicals' (TTCH.BO) board has approved buying up to 35.80 percent equity shares in Rallis India (RALL.BO) from other Tata group founders for not more than 850 rupees per share, it said late on Wednesday.

Agro-chemicals maker Rallis is part-owned by other Tata group companies including Tata Tea (TTTE.BO), Tata Sons, Tata Investment Corp and Ewart Investments Ltd, Tata Chemicals said in a statement. (Reporting by Ketan Bondre; Editing by Harish Nambiar)



More from Reuters

Demonstrator holds a signboard with a slogan "Bla bla bla ACT NOW" during a rally outside the UN Climate Change Conference in Copenhagen December 12, 2009. REUTERS/Christian Charisius

"Polluters are given rights to continue their dirty habits"

A climate change scientist blasts proposals for a cap and trade system, arguing it allows dirty industries to continue polluting, instead of rewarding innovation.  Full Article | Full Coverage 

    Climate Conference
    People walk by a Bank of America branch in New York. REUTERS/Lucas Jackson

    The search is on -- again

    Bank of America has less than two weeks left before Chief Executive Ken Lewis steps down. With the top candidate out of the picture, here's a look at what might happen next.  Full Article 

    Executive compensation
    Indian woman mourns death of her relative killed in tsunami in Cuddalore. When an earthquake of magnitude 9.15 struck off Indonesia's Aceh province on December, 26, 2004, it triggered a huge tsuanmi that raced across the Indian Ocean and hit Indonesia, Thailand, Sri Lanka and India. The worst natural disaster of the decade left 230,000 people dead or missing. Taken on December 28, 2004 by Arko Datta

    Pictures that defined a decade

    A woman's grief amid the tsunami devastation and one woman's fight against police in the Amazon are among the indelible Reuters images of the last 10 years.  Slideshow 

    Pictures