TATA CHEMICALS MAY ACQUIRE ARCHEAN’S INDUSTRIAL SALT UNIT

HIGHLIGHTS

• Talks between Tata Chemicals and Archean Group are at an advanced level.
• Talks are about Tata chemicals acquiring the industrial salt unit of Archean Group.
• The industrial salt unit is worth ?450 billion (US $61 million) at a minimum.
• Archean has many debts to clear and this deal might offer reprive to Archean.

The talks between Tata Chemicals Ltd.....