United States

Tata Chemicals in advanced discussion with Indorama Holdings BV

Wednesday, 13 Sep 2017 09:27am EDT 

Sept 13 (Reuters) - Tata Chemicals Ltd :Says is in advanced stages of discussions and negotiations with Indorama Holdings BV, Netherlands.Tata Chemicals -discussions for potential sale of phosphatic fertiliser business at Haldia and trading business comprising of bulk and non-bulk fertilisers.Says ‍parties have a mutually agreed exclusivity agreement which expires on 31st October, 2017​.Says company is expected to receive consideration in range of INR 4 billion to INR 5 billion.