Tata Chemicals Limited (BSE:500770) signed business transfer agreement to acquire precipitated silica business of Allied Silica Limited for INR 1.2 billion on April 7, 2018. The mode of payment is cash. The consideration to be paid is subject to fulfillment of certain agreed conditions and milestones. As of June 18, 2018, All The approvals are obtained and conditions are fulfilled. The transaction is expected to close within 3 months. Abhishek Guha, Anwesha Haldar, Alind Chopra, Dorothy Thomas, Shardul Amarchand, Aniruddha Ghosh and Shruthi Lakshmi of Mangaldas & Co acted as legal advisors to Tata Chemicals Limited. A.K.Mylsamy & Associates, L.L.P acted as legal advisor to Allied Silica Limited.