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Tata Chemicals Completes Acquisition of Additional Shares in Rallis India

5:36 AM MDT | August 19, 2009 | Deepti Ramesh

Tata Chemicals (Mumbai) says it has completed the previously announced acquisition of additional shares in agchem firm Rallis India (Mumbai), a Tata Group (Mumbai) company from other promoter group companies for about $75 million. Tata Chemicals, which had a 9.4% stake in Rallis India, has now increased its stake to 45.08%, with the additional shares Tata Chemicals acquired the additional 42,75,869 shares at a price of Rs.850/share ($17.7/share) from Tata Tea (Kolkata), Tata Sons (Mumbai), Tata Investment Corporation (Mumbai), and Ewart...

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