Tata Chemicals Limited (NSE: TATACHEM) has announced a strategic overseas acquisition aimed at strengthening its presence in premium-grade chemical products. The company disclosed that its wholly owned subsidiary, Tata Chemicals International Pte. Limited, has entered into an agreement to acquire Novabay Pte. Limited, a Singapore-based specialty chemicals company.
Key Highlights of the Acquisition
Acquirer: Tata Chemicals International Pte. Limited (Subsidiary of Tata Chemicals Limited)
Target Company: Novabay Pte. Limited, Singapore
Nature of Transaction: Acquisition (cash consideration)
Total Consideration: ₹264.42 crore
Date of Acquisition Announcement: December 19, 2025
Expected Completion: By March 1, 2026
About Novabay Pte. Limited
Incorporated in November 2015, Novabay Pte. Limited operates out of Singapore and is a wholly owned subsidiary of Novacarb, France. The company is primarily engaged in the manufacture and sale of premium-grade sodium bicarbonate, catering to diverse industries including:
Food
Pharmaceuticals & Healthcare
Personal Care & Cosmetics
Environmental & Water Treatment
Chemical and allied industries
Financial Snapshot of the Target Entity
For the most recent financial year, Novabay reported:
Turnover: ₹184.75 crore
Profit After Tax: ₹69.39 crore
Net Worth: ₹62.26 crore
The company has also demonstrated consistent revenue growth over the past three years, with turnover of ₹185 crore in FY2024, ₹159 crore in FY2023, and ₹158 crore in FY2022.
Strategic Rationale
According to Tata Chemicals, the acquisition aligns with the group’s strategic intent to strengthen its capabilities in premium-grade products and enhance its global specialty chemicals portfolio. The move supports Tata Chemicals’ long-term growth ambitions in high-value chemical segments.
Regulatory and Other Details
The transaction does not fall under related party transactions.
No governmental or regulatory approvals are required.
The acquisition will be completed in a single tranche.
Tata Chemicals currently holds no prior stake in Novabay.