India’s Tata Chemicals Surges on Business Sale — Market Talk

0819 GMT [Dow Jones] Shares of India’s Tata Chemicals (500770.BY) jump 9.7% after the company announces it will sell its urea business in northern India, to a unit of Norwegian chemical company Yara International, for $400 million. The deal is meant to strengthen the balance sheet of Tata Chemicals, says the company. Its fertilizer business has struggled lately, partly because of the delayed start of the monsoon rains. (shefali.anand[a]wsj.com)

 
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