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)
Editor JSM Stock Market Quotes, Business News, Financial News from http://commodity-market-news.com
Copyright (c) 2016 Dow Jones & Company, Inc.