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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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