India: Tata Chemicals to buy Allied Silica unit for $18.9m

India: Tata Chemicals to buy Allied Silica unit for $18.9m

A Tata sign is seen outside their offices in London, Britain March 30, 2016. REUTERS/Toby Melville

Tata Chemicals Ltd (TCL), India’s leading manufacturer and exporter of soda ash, food additive and fertilizer, has completed a business transfer agreement with Allied Silica Ltd to acquire its manufacturing unit for INR123 crores ($18.9 million) on a slump sale basis, it announced on April 8.

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