The company made this announcement after trading hours on Thursday, 27 March 2008.
Meanwhile, the BSE Sensex was up 17.49 points, or 0.11%, to 16,033.05 on positive cues from Asian markets.
On BSE, 14,101 shares were traded in the counter. The scrip had an average daily volume of 2.41 lakh shares in the past one quarter.
The stock hit a high of Rs 277.90 and a low of Rs 270.10 so far during the day. The stock had a 52-week high of Rs 431 on 3 January 2008 and a 52-week low of Rs 199.50 on 11 April 2007.
The mid-cap scrip had underperformed the market over the past one month till 27 March 2008, declining 16.15% compared to the Sensex’s fall of 10.16%. It had also underperformed the market in the past one quarter, declining 33.90% compared to Sensex’s decline of 20.74%.
The company’s current equity is Rs 233.99 crore. Face value per share is Rs 10.
The current price of Rs 277.50 discounts its Q3 December 2007 annualized EPS of Rs 21.73, by a PE multiple of 12.77.
General Chemicals Industrial Products is one of the largest soda ash producers in the USA with a capacity of 2.5 million tonnes per annum (TPA) of natural soda ash.
With this acquisition, Tata Chemicals' total global capacity has surged to around 5.5 million tonnes of soda ash per annum from around 3 million tonnes.
Tata Chemicals has funded the acquisition through a mixture of term financing of $500 million and bridge financing (in the US) of $350 million, raising a total of $850 million at very competitive rates.
Earlier in 2005-06, Tata Chemicals had acquired the Brunner Mond Group of companies, a leading producer of soda ash with a presence in the UK, Netherlands and Kenya.
Tata Chemicals’ net profit rose 7.5% to Rs 125.48 crore on 6.4% fall in net sales to Rs 1,224.03 crore in Q3 December 2007 over Q3 December 2006.
Tata Chemicals is India's leading manufacturer of inorganic chemicals. It also manufactures fertilizers and food additives.
Meanwhile, the BSE Sensex was up 17.49 points, or 0.11%, to 16,033.05 on positive cues from Asian markets.
On BSE, 14,101 shares were traded in the counter. The scrip had an average daily volume of 2.41 lakh shares in the past one quarter.
The stock hit a high of Rs 277.90 and a low of Rs 270.10 so far during the day. The stock had a 52-week high of Rs 431 on 3 January 2008 and a 52-week low of Rs 199.50 on 11 April 2007.
The mid-cap scrip had underperformed the market over the past one month till 27 March 2008, declining 16.15% compared to the Sensex’s fall of 10.16%. It had also underperformed the market in the past one quarter, declining 33.90% compared to Sensex’s decline of 20.74%.
The company’s current equity is Rs 233.99 crore. Face value per share is Rs 10.
The current price of Rs 277.50 discounts its Q3 December 2007 annualized EPS of Rs 21.73, by a PE multiple of 12.77.
General Chemicals Industrial Products is one of the largest soda ash producers in the USA with a capacity of 2.5 million tonnes per annum (TPA) of natural soda ash.
With this acquisition, Tata Chemicals' total global capacity has surged to around 5.5 million tonnes of soda ash per annum from around 3 million tonnes.
Tata Chemicals has funded the acquisition through a mixture of term financing of $500 million and bridge financing (in the US) of $350 million, raising a total of $850 million at very competitive rates.
Earlier in 2005-06, Tata Chemicals had acquired the Brunner Mond Group of companies, a leading producer of soda ash with a presence in the UK, Netherlands and Kenya.
Tata Chemicals’ net profit rose 7.5% to Rs 125.48 crore on 6.4% fall in net sales to Rs 1,224.03 crore in Q3 December 2007 over Q3 December 2006.
Tata Chemicals is India's leading manufacturer of inorganic chemicals. It also manufactures fertilizers and food additives.
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