Tata Chemicals Limited — JV/Acquisition, 19-12-2025: Acquisition

Tata Chemicals' subsidiary will acquire 100% of Novabay Pte. Limited for EUR 25 Million. Novabay, a Singapore-based premium sodium bicarbonate manufacturer (CY24 turnover SGD 29.49 Million), specializes in products for Pharma, Food, and Personal Care markets. This acquisition is a strategic move to strengthen Tata Chemicals' capabilities in high-value, non-cyclical product segments and enhance its specialty bicarb offerings. The deal aims to accelerate long-term growth and solidify its position in the Asia-Pacific region, leveraging Novabay's capacity, which can expand to 100,000 tons.