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Tata Chemicals gets shareholders' nod for Haldia unit sale

Press Trust of India  |  New Delhi 

today said it has received approval from majority shareholders for sale of its fertiliser unit in to Netherlands-based for Rs 375 crore.

The company had sought approval from the shareholders through a special resolution.

"We wish to inform you that the aforesaid resolution has been passed by the members of the company with requisite majority with effect from January 10, 2018, being the last date of voting," said in a regulatory filing.

The company said 1,829 members voted in favour of the sale, while 90 of them were against the resolution. The votes of 112 members were invalid.

Tata Chemicals' board has already approved the sale of the Phosphatic fertiliser business by way of slump sale on a going concern basis to IRC Agrochemicals, a wholly-owned subsidiary of

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 21:30 IST