A report says that Tata Chemicals has asked Kotak Mahindra Bank to help find strategic buyers for the business.
In an attempt to improve the financials of Tata Chemcials and remove units which have been a drag on the numbers, Tata Group Chairman Cyrus Mistry is planning to sell the fertiliser business for $1 bn, according to reports.
A report says that Tata Chemicals has asked Kotak Mahindra Bank to help find strategic buyers for the business.
Tata Chemicals spokesperson said the company would not like to comment on market speculation.
The current market cap of Tata Chemicals is Rs 10,722 crore.
No comments:
Post a Comment