Tata Raises Funds for M&A and Expansions

Tata Chemicals Ltd. (TCL; Mumbai) has raised $100 million through a private placement in the U.S., and the funds are expected to be used for capacity expansions and acquisitions in India. “The private placement was led by Bank of America and proceeds will be used to fund the company’s organic and inorganic growth plans. We are considering increasing capacity of our urea manufacturing plant in Babrala, Uttar Pradesh,” R. Mukundan, executive v.p. at TCL, says. The company manufactures inorganic chemicals, fertilizers...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers