Moneycontrol Be a Pro
Get App
Last Updated : Jul 29, 2016 10:33 AM IST | Source: CNBC-TV18

IFFCO, Deepak Fertilizer eyeing Tata Chem's fertiliser business

According to media reports, Tata Chemicals was quoting around Rs 5000 crore last time, and had to call off the process as no buyer was willing to pay that much


Tata Chemicals has restarted the process for selling its fertilisers business, after calling it off in December last year. Sources told CNBC-TV18 that the company has now scaled down the asking price.

According to media reports, Tata Chemicals was quoting around Rs 5000 crore last time, and had to call off the process as no buyer was willing to pay that much.

Sources said Indian Farmers Fertiliser Cooperative (IFFCO) and Deepak Fertilizers are among those in talks with Tata Chemicals for its fertiliser business.

When contacted by CNBC-TV18, Tata Chemicals said it would not like to comment on market speculation.  Deepak Fertilizers and IFFCO were unavailable for comment.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jul 29, 2016 09:52 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant