Tata Chemicals will hold a meeting of the Board of Directors of the Company on 3 February 2020.

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Tata Chemicals announced that the Hon'ble National company Law Tribunal, Mumbai Bench vide its order dated 10 January 2020 has sanctioned the scheme of arrangement between Tata Chemicals (demerged company) and Tata Global Beverages (resulting company) for the demerger of the consumer products business consisting of business of sourcing, packaging, marketing, distribution and sales of vacuum evaporated edible common salt for human consumption, spices, protein foods and certain other food and other products (demerged undertaking) from the demerged company to the resulting company.

The NCLT, Kolkata Bench has also sanctioned the scheme vide its order dated 08 January 2020.

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Tata Chemicals announced that the company, through its wholly-owned subsidiary, Valley Holdings Inc., has acquired the remaining 25% partnership interest from The Andover Group, Inc. in Tata Chemicals(Soda Ash) Partners Holdings. With this acquisition, the Company has increased its ownership in Tata Chemicals (Soda Ash) Partners, the soda ash producing operating entity, from 75% to 100%.

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Net profit of Tata Chemicals rose 10.34% to Rs 355.00 crore in the quarter ended September 2019 as against Rs 321.74 crore during the previous quarter ended September 2018. Sales rose 4.15% to Rs 3083.50 crore in the quarter ended September 2019 as against Rs 2960.66 crore during the previous quarter ended September 2018.

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