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Tata Chemicals spurts on overseas
acquisition
Business Standard —
November 25, 2005
Tata Chemicals, a leading manufacturer of chemicals, fertilisers
and food additives, moved up by nearly six per cent following
the announcement by the company of an overseas acquisition.
Tata Chemicals announced that it has entered into two separate
agreements for acquiring a majority stake in a U.K. based
chemical Company, Brunnner Mond Group Ltd, subject to certain
terms and conditions. The investment in Brunner Mond Group
Ltd. may be made directly or through a subsidiary/associate
of the Company. The stock closed at Rs 215.75 up by nearly
twelve rupees. |
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