Tata Chemicals would raise $850 million to part-fund its $1 billion acquisition of US-based soda ash maker General Chemicals Industries Products, said Tata Chemicals Managing Director Homi Khusrokhan here on Tuesday.. “We are awaiting regulatory approval, which is expected in another couple of days, after which we will formally announce the details regarding the finances,” he added.
The company also said it is embarking on an expansion programme in its African operations with plans to venture into the bio-fuel segment and explore plantation opportunities in the continent.