Tata Chemicals becomes single largest
stakeholder in Rallis India
The Economic Times
August 19, 2009
Tata group firm Tata Chemicals has become the single largest
stakeholder in Rallis India by hiking its stake in the company
to 45.20 per cent through acquisition of shares from various
promoters for around Rs 363.44 crore.
Tata Chemicals has purchased 42,75,869 shares representing
35.68 per cent stake in Rallis India at Rs 850 a piece, totalling
to Rs 363.44 crore by way of inter-se transfer among promoters,
Tata Chemicals said in a filing to the Bombay Stock Exchange.
Tata Chemicals has purchased 29,38,713 shares of Rallis India
from Tata Tea, 9,00,750 shares from Tata Sons, 2,79,436 shares
from Tata Investments Corporation and 1,56,970 shares from
As of June 30, total promoter holding in Rallis India stood
at 45.20 per cent, of which 9.40 per cent stake was held by
Tata Chemicals, according to shareholding pattern available
on the stock exchanges.
The rest 35.80 per cent stake in Rallis India is being held
by other Tata group firms like Tata Tea (24.52 per cent),
Tata Sons (7.52 per cent), Tata Investment Corp (2.42 per
cent) and Ewart Investments (1.35 per cent), which Tata Chemicals