Tata Chemicals to aquire US based General Chemical

Tata Chem raises Rs 3,400 cr for acquiring US based General Chemical Industrial Products for $1 billion (about Rs 4,000 crore) early this year. The acquisition of General Chemical will make Tata Chemicals the second largest maker of soda ash in the world. Tata Chemicals would raise $850 million (about Rs 3,400 crore) in debt to fund the acquisitions.