Tata Chemicals Ltd increases stake in Rallis India Limited

Tata Chemicals Limited has acquired 97,00,000 equity shares having face value of ₹ 1 each of Rallis India Limited ("Rallis"), a listed subsidiary of the Company, at ₹ 215.05 per equity share representing 4.99% of the paid-up share capital of Rallis by way of a block deal today i.e. Tuesday, July 18, 2023 at 8.45 a.m.

The aforesaid acquisition has resulted in increase in shareholding of the Company in Rallis to 55.04%.

Rallis has presence in India and global presence in North America, South America, Europe, Middle East & Africa and Asia Pacific giving access to 61 countries.

Shares of Rallis India Limited was last trading in BSE at Rs. 215.05 as compared to the previous close of Rs. 211.45. The total number of shares traded during the day was 183936 in over 4147 trades.

The stock hit an intraday high of Rs. 216.05 and intraday low of 208.10. The net turnover during the day was Rs. 39238612.00.

Shares of Tata Chemicals Limited was last trading in BSE at Rs. 993.20 as compared to the previous close of Rs. 986.20. The total number of shares traded during the day was 64937 in over 3924 trades.

The stock hit an intraday high of Rs. 995.60 and intraday low of 985.00. The net turnover during the day was Rs. 64446464.00.

Source : Equity Bulls

Keywords

TataChemicals INE092A01019 BlockDeal StakeIncrease RallisIndia INE613A01020