Tata Chemicals mulls selling fertiliser business for $1 billion; asks Kotak Mahindra to scout for strategic buyers

MUMBAI: Tata Group Chairman Cyrus Mistry has initiated a plan to hive off and sell the fertiliser business, housed in Tata Chemicals, in his first major restructuring move after becoming chairman in 2012. Tata Chemicals (TCL) has asked Kotak Mahindra Bank ...