Business Standard

Tata Chemicals completes sale of urea biz to Yara

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Tata Chemicals said on Friday it has completed the sale of its urea fertiliser­s business to Yara Fertiliser­s India for ~2,682 crore (subject to post completion working capital adjustment­s). The deal included transfer of all assets and liabilitie­s (working capital) of the Babrala plant in UP. It is the first foreign direct investment in the highly-regulated sector.

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