TCNA wins bid for SVM soda ash contracts worth USD 21.16 million

Tata Chemicals North America Inc. (TCNA), wholly owned subsidiary of Tata Chemicals, declared successful bidder in Chapter 11 bankruptcy of Searles Valley Minerals Inc. (SVM), USA. Acquires over half million metric tons of North American soda ash customer contracts, to be serviced from September 2026 through December 2028. US Bankruptcy Court for Delaware has approved the deal. Aggregate cash consideration is USD 21.16 million. Transaction is not a related party transaction and completion is subject to customary closing conditions.