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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Tata Chemicals Limited    TATACHEM   INE092A01019

TATA CHEMICALS LIMITED (TATACHEM)
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Tata Chemicals : to sell its phosphatic fertiliser business

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09/14/2017 | 09:37am CEST

Tata Chemicals is in advanced stages of discussions and negotiations with Indorama Holdings BV, Netherlands (subsidiary of Indorama Corporation, Singapore), for the potential sale of its phosphatic fertiliser business located at Haldia and the trading business comprising of bulk and non-bulk fertilisers. Tata Chemicals is in advanced stages of discussions and negotiations with Indorama Holdings BV, Netherlands (subsidiary of Indorama Corporation, Singapore), for the potential sale of its phosphatic fertiliser business located at Haldia and the trading business comprising of bulk and non-bulk fertilisers.

The two companies have signed a mutually agreed exclusivity agreement in this regard which expires on October 31, 2017, informed the company in a BSE filing on Wednesday post market hours.

The transaction, if materialised, would involve the transfer of Haldia plant, trading Business along with immovable, movable properties, working capital and product brands but excluding outstanding subsidy amounts. The company is expected to receive consideration in the range of Rs 400 crores to Rs 500 crores.

Tata Chemicals was trading at Rs 640 per share, up by Rs 3.70 or 0.58% in the pre-opening session on Thursday, on the BSE against its previous close of Rs 636.30.

(c) 2017India Infoline Ltd. All rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (INR)
Sales 2019 116 B
EBIT 2019 18 505 M
Net income 2019 12 092 M
Debt 2019 8 920 M
Yield 2019 1,80%
P/E ratio 2019 14,94
P/E ratio 2020 13,53
EV / Sales 2019 1,54x
EV / Sales 2020 1,38x
Capitalization 171 B
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Number of Analysts 7
Average target price 809  INR
Spread / Average Target 21%
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NameTitle
Ramakrishnan Mukundan Chief Executive Officer, MD & Executive Director
John Mulhall Chief Financial Officer
M. Ravindranath Chief Safety, Engineering & Projects Officer
Rino Raj Chief Information & Digital Officer
Nassereddin Mukhtar Munjee Independent Non-Executive Director
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