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Tata Chemicals receives NCLT approval for scheme of arrangement

Capital Market 

On 10 January 2020

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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First Published: Fri, January 10 2020. 18:01 IST