Acquisitions19 Dec 2025, 04:53 pm
Tata Chemicals to Acquire 100% Stake in Novabay for EUR 25 Million
AI Summary
Tata Chemicals International Pte. Limited (TCIPL), a wholly owned subsidiary of Tata Chemicals Ltd, has signed a Share Purchase Agreement (SPA) to acquire 100% equity shares of Novabay Pte. Limited. Novabay is a Singapore-based company primarily engaged in the business of manufacture and sale of premium grade sodium bicarbonate serving Pharma, Food, Personal Care in Europe, Americas, Oceania, ASIA, Middle East and ASEAN markets. The acquisition is expected to be completed by March 2026, subject to fulfilment of condition precedents. Post-acquisition, Novabay will become a 100% subsidiary of TCIPL.
Key Highlights
- Tata Chemicals International Pte. Limited to acquire 100% stake of Novabay Pte. Limited for EUR 25 Million
- Novabay is a Singapore-based company primarily engaged in the business of manufacture and sale of premium grade sodium bicarbonate
- The acquisition is expected to be completed by March 2026, subject to fulfilment of condition precedents
- Post-acquisition, Novabay will become a 100% subsidiary of TCIPL
- Novabay is among the largest premium sodium bicarbonate producers in the Asia-Pacific region (excluding China), supplying high-value grades for pharmaceutical, personal care, and food applications